Macro Finance
Gold Clinches Weekly Gain on Growing Bullish ETF, Energy Signs
Bloomberg Markets·October 9, 2026·1 min read
Gold advanced, notching a weekly gain amid rising demand for bullion-backed exchange traded funds and signs that inflation may ease. Investors have been increasing their holdings in gold ETFs, while softer inflation data has boosted the metal's appeal as a hedge. The price of gold closed higher for the week, extending its recent rally.
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