Gold prices edged lower at week's start alongside broader declines in risk assets. Gold futures declined $14.70 (0.5%) to settle at $2,899.40, just below the psychologically important $3,000 threshold.

Gold futures closed lower on the day down $2.10 (-0.07%) but still managed to eke out a gain on the week (+$50.40 1.76%) due to Monday’s and Tuesday’s massive safe-haven demand.

The U.S. dollar experienced a dramatic selloff this week, plunging more than 3% against major currencies as markets reacted to sweeping new tariff policies implemented by the Trump administration.