**Gold prices witnessed continuous increases last week, closing at $2,935 per ounce, driven by geopolitical concerns and U.S. trade policies.**  

A specialized report by Kuwait’s (Dar Al-Sabah) Company, issued on Sunday, stated that gold achieved gains for the eighth consecutive week, rising by 1.8% compared to the previous week, surpassing a market value of $20 trillion.  

The report added that gold prices fluctuated between $2,930 and $2,954 per ounce last week, supported by several factors, most notably U.S. President Donald Trump’s statements about imposing new tariffs, which boosted demand for gold as a safe haven.  

It explained that increasing trade tensions between the United States and other countries, particularly regarding tariffs on imports of cars, medicines, and chips, contributed to pushing investors toward gold amid economic uncertainty.  

The report noted that recent statements about inflation and the possibility of raising interest rates have increased demand for gold as a hedging tool. Additionally, rising international tensions, such as the Russian-Ukrainian war and tensions in European markets, have prompted investors to strengthen their positions in the precious metal as a safe asset during political and military crises.  

The report pointed out that Swiss customs data showed an increase in gold exports, particularly to the United States, reflecting growing demand from central banks and investors.  

It stated that gold recorded gains for the eighth consecutive week, marking the longest continuous rise since 2000, reflecting sustained upward momentum supported by economic and geopolitical factors. Silver also achieved weekly gains of 1%, despite a decline on Friday by the same percentage, indicating that silver is following gold’s upward trend but at a slower pace.  

The report predicted that gold would continue to achieve new gains, potentially reaching $3,000 per ounce if geopolitical concerns persist and U.S. policies become more stringent. It noted that strong support between $2,900 and $2,950 per ounce reinforces positive expectations.  

It added that global markets are closely monitoring developments in U.S. trade policy, as well as geopolitical events, which will significantly influence gold price movements this week. The report highlighted that gold still maintains strong upward momentum and could see further increases if economic uncertainty continues.  

The report indicated that U.S. President Donald Trump is expected to continue focusing on tariff policies, which could increase market volatility and boost demand for gold. This week, important data will be released, such as the Personal Consumption Expenditures Index, GDP figures, and the Consumer Confidence Index in the United States, along with inflation data from France, Germany, Italy, South Africa, and Australia, which could support gold as a hedge against inflation.  

In the local market, the (Dar Al-Sabah) report stated that 24-karat gold prices reached 29.45 dinars per gram (approximately $90), while 22-karat gold was priced at 26.800 dinars per gram (approximately $82). Silver prices stabilized at 362 dinars per kilogram (approximately $1,183).  

An **ounce** is one of the units of mass measurement and is used in several different measurement systems. It is also called an "ounce" and equals 28.349 grams, while as a unit of measurement for precious metals, it equals 31.103 grams.