Gold's Rollercoaster Ride Amidst U.S.-China Tensions and Economic Uncertainty
Gold's price action was volatile this week as Comex gold futures tested record highs and touched $2,085 an ounce amidst intensifying troubles in the banking sector. The Federal Reserve Chair Jerome Powell's messaging and Friday's stronger-than-expected U.S. employment report weighed on gold. The U.S. and China are on the brink of war as gold touches record highs.