Gold breaks $5,200 as war nerves fuel demand; down 1% for the week

Gold climbed above $5,200 per ounce in electronic trading on Thursday, extending the previous session?s gains as investors sought safety amid intensifying Middle East tensions and rising energy prices. Inflation concerns resurfaced, pushing expectations for the first Federal Reserve rate cut to September, while uncertainty around a newly announced 15% global tariff added to market caution. Despite a 0.8% rise in international futures on the day, gold remains down more than 1% for the week, weighed by a stronger US dollar supported by solid services activity and upbeat private employment data. In India, MCX April gold futures edged 0.2% higher to ₹1,61,764 per 10 grams, reflecting steady domestic demand despite global volatility.

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