- Bullion traded near $4,155 an ounce after climbing 1.6% in the previous session.
- Wall Street rotated out of chipmakers as concerns about the AI investment boom deepened, fueling a global bond rally.
- Goldman Sachs initiated AngloGold Ashanti and Endeavour Mining with Buy ratings, citing increased central bank purchases that should support gold prices.
- Reuters reported gold rebounding from a one-week low as the dollar slipped; the available source text is the headline only.
Quotes
“Gold steadied after rising the most in more than two weeks on Thursday as a stock selloff drove investors into bonds, pushing down Treasury yields.”
“which cited increased central bank purchases that should support gold prices.”