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FinanceGold heads for first weekly gain since May on dovish Fed outlook
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Gold is on track for its first weekly gain since May, driven by an increasingly dovish outlook from the US Federal Reserve. Bullion rose towards US$4,200 an ounce, up 2.2% for the week. Spot gold advanced 1.3% to US$4,176.94 an ounce in New York trading. The precious metal's rally reflects growing market expectations that the Fed may cut interest rates, which weakens the US dollar and boosts demand for gold as an alternative investment. Silver also climbed 2% to US$62.42 an ounce, extending gains from the previous three sessions. The article, published by The Business Times Singapore on July 5, 2026, highlights the impact of monetary policy expectations on precious metals markets.
Source report
Bullion rises towards US$4,200 an ounce, up 2.2% for the week
Published: Sun, Jul 5, 2026 · 06:10 PM
Spot gold advanced 1.3% to US$4,176.94 an ounce as at 2.31 pm in New York. Silver climbed 2% to US$62.42 an ounce, after gaining 5% in the previous three sessions.
Photo: Yen Meng Jiin, BT
Source
The Business TimesRegional
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