Gold prices rose today as demand for safe-haven assets increased amid uncertainty over US tariff policy, but investors awaited further details on US-Iranian talks scheduled for today.
Spot gold rose 0.2% to $5,182.18 an ounce. Yesterday, it hit its highest level in more than three weeks.
US gold futures for April delivery fell 0.5% to $5,198.70.
As for other precious metals, silver fell 2.2% in spot trading to $87.43 per ounce. Platinum settled at $2,286.44 an ounce in spot trading, while palladium fell 1.3% to $1,772.25.
catalyst agent
The dollar depreciated, making goods denominated in U.S. currency cheaper for buyers holding other currencies.
“Continued tensions between Iran and the US and uncertainty surrounding the global economy in light of US President Donald Trump’s tariffs are positive incentives for gold,” said Carlo Alberto de Casa, an analyst at Swissquote Banking Group.
Gold prices reached a record level of $5,594.82 on January 29, up 20% since the beginning of the year.
Gold prices rose today as demand for safe-haven assets increased amid uncertainty over US tariff policy as investors awaited further details of US-Iran talks scheduled for today.
Gold rose 0.2% in spot trading to $5,182.18 an ounce. The day before yesterday, it hit its highest level in more than three weeks.
US gold futures for April delivery fell 0.5% to $5,198.70.
As for other precious metals, silver fell 2.2% in spot trading to $87.43 per ounce. In spot trading, platinum held steady at $2,286.44 an ounce, while palladium fell 1.3% to $1,772.25.
stimulating factor
The dollar depreciated, making dollar-denominated goods cheaper for buyers holding other currencies.
“Ongoing tensions between Iran and the US and uncertainty surrounding the global economy due to President Donald Trump’s tariffs are a positive stimulus for gold,” said Carlo Alberto de Casa, an analyst at banking group Swissquote.
Gold prices reached a record level of $5,594.82 on January 29, up 20% since the beginning of the year.
