Gold prices are on track for an eighth consecutive weekly advance as investors seek refuge from geopolitical and trade tensions, driving demand for bullion-backed exchange-traded funds to a one-year high. As of Friday, gold edged lower but remains up 1% this week, with rising holdings in these ETFs indicating strong haven demand. This would mark the longest winning streak since 2020.
Source: https://www.bloomberg.com/news/articles/2025-02-21/gold-xau-set-for-to-notch-eighth-weekly-gain-on-solid-haven-demand