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Gold Heads Toward Seventh Consecutive Monthly Gain: Closes February Up 7.4%
The safe-haven asset par excellence is on track to achieve its seventh consecutive month of gains, supported by geopolitical tensions between the United States and Iran and declining yields on U.S. Treasuries.
Spot gold rose 0.8% to $5,227.62, bringing February’s gains to +7.4%.
[Source: Market screener]
The U.S. labor market is in line with expectations, but gold remains positive.
Although data on the U.S. labor market did not disappoint market expectations, gold prices are holding in positive territory. The safe-haven asset is trading at $5,171.33 per ounce, up 0.14%.
[Source: Kitco news]
Donald Trump pours fuel on the fire of tariffs: gold heats up
Gold quickly returns to the spotlight in today’s trading, reaching a three-week high. Concerns are rising over the economic plans of President Donald Trump, who has pledged to increase tariffs following warnings from the Supreme Court, which opposes the duties imposed by the tycoon.
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