Gold prices surged above $4,200/oz this week despite a Friday sell-off, marking a historic close at that level. Market anxiety grew over the U.S. government shutdown and trade tensions with China. The U.S. Dollar weakened on tariff fears but rebounded as the President rolled back 100% tariffs on Chinese goods. Investors are anticipating a possible rate cut at the next FOMC meeting. Despite Friday’s sell-off, gold is aiming for a +5% rise since Monday, driven by economic uncertainty and trade tensions. The ongoing government shutdown and lack of major economic data are adding to market concerns.

Read more at Yahoo Finance: Gold Climbs Above $4,300 Before Friday Reversal Amid Tariff Turmoil and Ongoing U.S. Shutdown