Analysis: Rising tariffs and geopolitical risks have increased the appeal of gold as a safe haven, likely leading to seven consecutive months of gains.
On February 27th, this Friday, gold prices rose as uncertainty over U.S. tariff policies and tensions between Iran and the U.S. strengthened gold’s appeal as a safe-haven asset, making it likely to achieve its seventh consecutive month of gains. ANZ Bank analyst Sony Kumari stated, “There are two main factors supporting gold. One is the current market uncertainty regarding tariffs, and the other is the situation between Iran and the U.S.” Lin Tran, senior market analyst at XS.com, said, “Recent rounds of negotiations have not yielded clear results, so geopolitical risks still exist but have not intensified. Therefore, gold prices remain high, but there is not enough momentum to form a sustainable upward trend.” (Jin10)
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Analysis: Rising tariffs and geopolitical risks have increased the appeal of gold as a safe haven, likely leading to seven consecutive months of gains.
On February 27th, this Friday, gold prices rose as uncertainty over U.S. tariff policies and tensions between Iran and the U.S. strengthened gold’s appeal as a safe-haven asset, making it likely to achieve its seventh consecutive month of gains. ANZ Bank analyst Sony Kumari stated, “There are two main factors supporting gold. One is the current market uncertainty regarding tariffs, and the other is the situation between Iran and the U.S.” Lin Tran, senior market analyst at XS.com, said, “Recent rounds of negotiations have not yielded clear results, so geopolitical risks still exist but have not intensified. Therefore, gold prices remain high, but there is not enough momentum to form a sustainable upward trend.” (Jin10)