Gold price pops above $5,000 as weak U.S. GDP and tariff ruling shift Fed bets
Gold rose above $5,000 an ounce Friday after weak U.S. growth data fueled bets on Federal Reserve rate cuts. Spot gold climbed 1% to $5,047.10 by late morning, while April futures gained 1.4%. The Supreme Court struck down Trump’s global tariffs, increasing market volatility and risk appetite for equities. The dollar index slipped to 97.74, and the 10-year Treasury yield edged up to 4.094%.