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Gold opens higher amid Middle East crisis
New winds of war have boosted the yellow metal, which is up more than 2% in today’s trading. The conflict between the United States and Iran, which has escalated into attacks targeting neighboring countries, is fueling concerns about a possible widening of the conflict. Gold has risen by 2.99% to $5,400 per ounce.
[Source: Milano Finanza]
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]
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