Gold prices remain steady around $5,200 per ounce, with strong performance in February

LootboxPhobia · 2026-02-27T02:55:02+00:00

On Friday during the Asian trading session, gold prices remained stable and are expected to record significant gains in February, supported by geopolitical tensions and economic uncertainties. Changes in U.S. trade policies have prompted investors to shift toward safe-haven assets, leading to a notable rebound in gold. Spot gold rose to $5,194.02 per ounce, mainly due to Iran-related developments and U.S. economic uncertainties, which also caused other precious metals to rise.

LootboxPhobia

2026-02-27 02:55:02

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Investing.com - On Friday during Asian trading hours, gold prices remained stable and are expected to record strong gains in February, supported by escalating geopolitical tensions and increased economic uncertainty, which boost safe-haven demand.

Confusion over U.S. trade policies and concerns about slowing growth in the world’s largest economy have also led traders to favor safe-haven assets, helping gold recover most of its losses from the end of January.

As of 21:14 Eastern Time (02:14 Beijing Time), spot gold rose 0.2% to $5,194.02 per ounce, while gold futures increased 0.3% to $5,211.41 per ounce.

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Spot gold has risen 6.7% in February, rebounding from the lows touched earlier in the month after speculative gains in gold were wiped out within days.

Geopolitical tensions related to Iran are a key driver of this rebound, as Washington deployed more warships to the Middle East and threatened military action if Tehran does not accept a nuclear deal.

Negotiations between Iran and the U.S. concluded this week but did not result in an agreement. However, both sides committed to further discussions in the coming weeks, sparking some optimism about a potential final nuclear deal.

The high uncertainty in the U.S. economy has also fueled gold’s rally, especially after the U.S. Supreme Court ruled to overturn most of President Donald Trump’s trade tariffs.

However, Trump announced new tariffs under different legal frameworks and threatened to impose more, keeping markets cautious about further economic disruption from tariffs.

Other precious metals rose on Friday and are expected to perform strongly in February. Spot silver increased 1.7% to $89.7785 per ounce, up 6% this month, while spot platinum surged 3% to $2,351.63 per ounce, up 8.4% in February.

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