Gold prices surged, following its biggest one-day decline in two months, as investors grew anxious about President Donald Trump’s latest trade threats. The metal traded near $2,900 an ounce on Monday after falling 1.6% on Friday. Despite reaching overbought levels according to the 14-day relative strength index, gold still posted its seventh consecutive weekly gain.
Source: https://www.bloomberg.com/news/articles/2025-02-17/gold-xauusd-holds-biggest-loss-since-december-on-concern-rally-overdone