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Gold prices rise, marking six weeks of gains, due to increasing U.S.-China trade tensions. Spot gold reaches a record high, while experts cite uncertainty around Trump's tariff policies. Factors like China's gold holdings growth and a new investment program contribute to the surge. A mixed U.S. job report influences the Federal Reserve's rate decisions.
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News and Media
Oil prices rose on Friday as new sanctions were imposed on Iran's crude exports, but they fell over the week due to concerns over U.S. President Trump's trade war with China and potential new tariffs on other countries. Brent crude finished at $74.66, while WTI settled at $71.00 a barrel.
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News and Media
UK stocks dipped on Friday as tariff uncertainties and weaker-than-expected US jobs growth impacted investor sentiment. The FTSE 100 fell by 0.3%, easing from a record high set on Thursday. Despite the Bank of England's recent rate cut, economic growth forecasts have been halved, with inflation projected to nearly double the 2% target this year.
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News and Media
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