Gold prices rise as tariff jitters aid haven demand; US-Iran talks loom
#gold prices #US tariffs #safe-haven demand #US-Iran talks #Federal Reserve #inflation #dollar strength #precious metals
📌 Key Takeaways
- Gold prices rose 0.8% to $5,184.55 amid tariff uncertainty and geopolitical tensions
- US implemented 10% global import tariff with plans to increase to 15%
- US and Iran to hold third round of nuclear talks in Geneva on Thursday
- Gold gains limited by expectations of high-for-longer US interest rates and stronger dollar
📖 Full Retelling
Gold prices rose modestly in Asian trade on Wednesday as investors sought safe-haven assets amid uncertainty from newly imposed U.S. tariffs and upcoming diplomatic talks between Washington and Tehran over Iran's nuclear program. Spot gold increased by 0.8% to $5,184.55 per ounce, while U.S. gold futures gained 0.5% to $5,203.10/oz, following a 1.6% decline the previous session after four consecutive days of gains. The precious metal's movement reflects growing investor concern over global trade disruptions after the U.S. began collecting a temporary 10% global import tariff on Tuesday, with the Trump administration working to increase this levy to 15%. The tariff implementation follows a U.S. Supreme Court ruling that struck down earlier sweeping duties imposed under emergency powers, prompting Washington to reintroduce tariffs under alternative legal authority. Meanwhile, geopolitical tensions remain elevated as the U.S. and Iran prepare for a third round of talks in Geneva on Thursday regarding Tehran's nuclear program, further fueling demand for traditional safe-haven assets. However, gold's upward trajectory faces significant constraints from persistent expectations that U.S. interest rates will remain elevated, with two Federal Reserve officials signaling little appetite to change the central bank's policy stance in the near term. Additionally, a stronger dollar has put pressure on the precious metal, making dollar-priced metals more expensive for overseas buyers after the U.S. currency extended recent gains. In other precious metals markets, silver prices rose 1.6% to $88.59 per ounce, while platinum jumped 2.3% to $2,224.60/oz, reflecting broader precious metals market movements influenced by similar fundamental factors.
🏷️ Themes
Trade Policy, Geopolitical Tensions, Monetary Policy, Safe-Haven Demand
📚 Related People & Topics
Federal Reserve
Central banking system of the US
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to th...
Entity Intersection Graph
Connections for Federal Reserve:
🌐
Interest rate
10 shared
🌐
Inflation
7 shared
🌐
Monetary policy
6 shared
👤
Jerome Powell
4 shared
👤
Kevin Warsh
3 shared
Original Source
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry AMD stock surges 14% on Meta AI partnership deal Bitcoin slips, wipes out 50% from October record high at session low Wall Street ends higher on tech rebound ahead of State of the Union address Software stocks rebound as Anthropic partnerships ease AI disruption fears (South Africa Philippines Nigeria) Gold prices rise as tariff jitters aid haven demand; US-Iran talks loom By Ayushman Ojha Author Ayushman Ojha Commodities Published 02/24/2026, 09:14 PM Gold prices rise as tariff jitters aid haven demand; US-Iran talks loom 0 Gold Spot US Dollar 0.87% DX -0.10% GC 0.59% Platinum Spot US Dollar 2.73% XAGg=R 2.15% Investing.com-- Gold prices rose modestly in Asian trade on Wednesday after declining in the previous session amid profit booking, as investors assessed the impact of newly imposed U.S. tariffs, and awaited U.S.-Iran talks later this week. Spot gold was last up 0.8% at $5,184.55 an ounce by 21:08 ET (02:08 GMT). U.S. Gold Futures gained 0.5% to $5,203.10/oz. The yellow metal fell 1.6% on Tuesday after four straight sessions of gains. Get premium commodity market insights with analyst comments on InvestingPro The U.S. began collecting a temporary 10% global import tariff on Tuesday, with the Trump administration working to increase the levy to 15%, a move that has stoked uncertainty over global trade and inflation. The tariff action followed a U.S. Supreme Court ruling last week that struck down earlier sweeping duties imposed under emergency powers, prompting Washington to reintroduce tariffs under alternative legal authority. Geopolitical tensions also remained in focus, with the U.S. and Iran due to hold a third round of talks on Thursday in Geneva over Tehran’s nuclear programme. However, gains in gold were capped by expectations that U.S. interest rates will remain elevated. Two Federal Reserve officials on Tuesday signalled little appetite to change the central bank’s policy stance in the near ter...
Read full article at source