Gold prices hit new all-time highs this week, surpassing $4600/oz multiple times before pulling back due to a resurgent US Dollar and easing geopolitical tensions. Despite strong economic data like core CPI and retail sales, uncertainty about market stability and geopolitical tensions supported gold as a safe-haven asset. The week saw continued risk-off sentiment and increased interest in gold as a risk-off play, particularly after news of a Federal Reserve investigation. While gold spot prices briefly dropped on Friday, the level of $4600 remains a key point of attraction and resistance for the precious metal.

Read more at Yahoo Finance: Gold Hits Fresh Records Above $4,600, Then Pulls Back as Dollar Firms