Gold prices rose for the fourth consecutive week. This trend directly increased the value of SPDR Gold Shares (GLD).
A weakening U.S. dollar primarily drove the upward momentum. Gold prices typically maintain an inverse relationship with the dollar.
Middle East geopolitical tensions increased investor demand for safe-haven assets. Emerging market central banks expanded their gold reserves to diversify away from the dollar.
Institutional buying provides a structural foundation for the recent price performance.