Gold futures hold firm as sustained buying by China’s central bank limits downside risks for the metal.
Gold futures rose modestly Friday, extending weekly gains above $4,700 per ounce. Analysts cite persistent demand from central banks, particularly the People’s Bank of China, as a key support factor restraining further declines.
Prices have remained resilient near multi-month highs, with China’s ongoing purchases offsetting broader market volatility. Prior sessions saw similar stability, as institutional buyers continued accumulating bullion amid geopolitical and economic uncertainty.
No immediate market reaction was reported, though traders remain focused on central bank activity as a driver of near-term price action.