Gold Prices Rise: Profitable Opportunities Amid Global Turmoil?
Gold prices held firm above US$5,180 per troy ounce on Thursday (February 26), extending gains from the previous session and hovering near their highest level in nearly four weeks.
The precious metal continues to draw support as markets weigh heightened geopolitical tensions and ongoing uncertainty surrounding U.S. trade policy. Investor sentiment remains cautious, boosting demand for safe-haven assets such as gold.
According to Trading Economics, the increase in U.S. military presence in the Middle East has raised market concerns ahead of nuclear talks in Geneva. At the same time, Washington has intensified pressure on Iran by imposing new sanctions on entities involved in oil exports and arms trading.
Meanwhile, the Trump administration is pushing forward with its global tariff strategy, sparking renewed worries among key trading partners. U.S. Trade Representative Jamieson Greer stated that the president may raise tariffs to 15% “if appropriate,” following the current 10% levy reinstated after the Supreme Court overturned previous reciprocal tariffs.
On the monetary policy front, persistent inflation concerns have reinforced expectations that the Federal Reserve may delay its next interest rate cut until September, further supporting gold prices.