UGX/USD Price & Performance (UGXUSD)

Gold prices saw a significant weekly increase, closing above $2900/oz despite volatility. The primary driver was uncertainty surrounding U.S. trade policy, particularly the announcement and partial rollback of tariffs. Additional pressure came from a weaker-than-expected February Jobs Report, though Federal Reserve inaction tempered the market's response.1

Tech companies are experiencing a surge in stock prices as major firms announce expanded investments in artificial intelligence. This trend reflects growing optimism about AI's potential to drive innovation and profitability. Analysts suggest the sector could see sustained growth as businesses increasingly prioritize digital transformation strategies.

Global oil prices dropped this week due to fears of oversupply. Increased production from key oil-producing nations and weaker-than-expected demand forecasts have pressured prices. Analysts warn that if production cuts are not implemented soon, the market could face prolonged downward pressure.