27.02.202601:58:29UTC+00Gold Set for Weekly Gain

Gold held near $5,190 per ounce on Friday, extending a two-day advance and remaining on course for a fourth straight weekly gain as investors assessed US trade policy and geopolitical risks. President Trump’s new 10% global tariffs came into force earlier this week, with the rate potentially rising to 15% for select countries following the Supreme Court’s decision blocking broader duties.

On the geopolitical front, Washington and Tehran are scheduled to resume talks next week after what officials described as progress on Thursday, opening the door to further diplomacy, though a US source indicated that negotiators left the latest round disappointed.

In terms of monetary policy, markets are closely tracking signals from the Federal Reserve. Chicago Fed President Austan Goolsbee has pointed to the possibility of rate cuts if inflation continues to ease, while Governor Stephen Miran has argued for a full 1-point reduction in 2026. Even so, the implied probability of a rate cut by June has slipped to 50%, and market expectations for a third cut by the end of the year have largely disappeared.