WGC: Gold Prices Extended YTD Gains to 28% Last Week

The implied market volatility too witnessed rise during the week, the report said.

SEATTLE (Scrap Monster): According to the World Gold Council's (WGC) Weekly Markets Monitor report, gold prices increased during the last week. Last Friday, the LBMA Gold Price PM closed at US$3,339.9 an ounce, up 1.9% from the previous week. This increased the commodity's price gain for the year to date in 2025 to an astounding 28%.

Gold Prices Extended Consolidation in Late-April

The WGC report states that gold is expected to continue consolidating. Its brief rise over resistance from its short-term declining trend in late April of this year has not been sustained. This is regarded as a brief lull in the main upward trend, nevertheless. According to the weekly data, the last week saw a slowdown in inflows into gold-backed exchange-traded funds (ETFs). According to the research, the implied market volatility increased during the week as well.

Commenting on the future outlook, WGC observed that the gold market sentiment is likely to be impacted by the U.S. inflation data. The accelerated inflation coupled with strong job market data suggests that the U.S. Federal Reserve may cool rate cuts.

Gold prices might have been significantly impacted by the escalating geopolitical tensions as well. The market may become even more uneasy as a result of the riots in Los Angeles and the intensified military operations between Russia and Ukraine during peace negotiations in Istanbul.