Gold prices rose on Friday in the Philippines, according to FXStreet data. The price of gold reached 7,990.32 Philippine Pesos (PHP) per gram, up slightly from Thursday’s price of PHP 7,981.71. The cost increased to PHP 93,196.17 per tola from PHP 93,097.11 the previous day. Here are the latest prices for gold: – Per gram: PHP 7,990.32 – Per 10 grams: PHP 79,902.04 – Per tola: PHP 93,196.17 – Per troy ounce: PHP 248,526.90 FXStreet uses the USD/PHP exchange rate to convert international gold prices, updating daily. These figures are for reference only, and local prices may vary. Gold is often seen as a way to protect against economic uncertainty. In 2022, central banks bought 1,136 tonnes, the largest annual increase ever. Countries like China, India, and Turkey are increasing their gold reserves quickly. Gold prices usually rise when the US Dollar is weak, or during times of political unrest, low interest rates, or economic worry. In contrast, a strong dollar and higher interest rates can lower gold values. The recent increase in gold prices, including the jump to 7,990.32 PHP per gram, shows gold’s lasting appeal as a safe investment. This movement is part of a larger trend linked to global economic conditions, which requires us to pay attention to what makes gold appealing during uncertain times. One major factor is the negative correlation with the US Dollar, which we can see now. After the Federal Reserve’s softer stance in its November 2025 meeting, the U.S. Dollar Index (DXY) dropped to around 101.5, down from earlier highs this year. A weaker dollar means gold is cheaper for international buyers, which helps to support its price. Concerns about a global economic slowdown are also boosting gold’s appeal. The International Monetary Fund (IMF) recently lowered its global growth forecast for 2026 to 2.8%, and recent manufacturing data from Germany and China has underperformed. Historically, gold tends to thrive when riskier investments like stocks struggle during economic downturns. Additionally, the ongoing buying by central banks provides strong support for gold prices. This trend ramped up in 2022 with the purchase of 1,136 tonnes, and data from the World Gold Council shows central banks have added over 850 tonnes to their reserves in the first three quarters of 2025. This steady demand from major institutions shows long-term confidence in gold. For those trading derivatives, these factors suggest a positive outlook for gold in the coming weeks. Taking long positions in gold futures or buying call options could be a smart strategy to benefit from potential price rises. However, it’s important to stay alert; any surprising shifts from central banks or an unexpected strength in the US dollar could quickly change this perspective.

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