
A weekly gain of +5.06%, Gold’s strongest since August, took the metal into the $4,100 region, Deutsche Bank notes. The bank links the advance to risk aversion prompted by the AI-driven equity sell-off and declining Oil prices. Against this macroeconomic backdrop, pressure on equities and lower bond yields supported Gold’s appeal as a defensive asset.
"Credit was actually fairly flat on both sides of the Atlantic but the risk-off tone in equities meant it was a good week for gold, which was up +5.06% (-0.42% Friday) in its best week since August."

"So along with the risk-off tone from the AI selloff, that helped to bring down sovereign bond yields around the world."
"Meanwhile, the 10-year US Treasury yield is up +1bps at 4.87% and Brent down around a percent as I type."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Find out more.)