Analysis: Rising tariffs and geopolitical risks have increased the appeal of gold as a safe haven, likely leading to seven consecutive months of gains.
BlockBeats News, February 27 — Gold prices rose this week on Friday, 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 continue its upward streak for the seventh consecutive month.
ANZ Bank analyst Sony Kumari said, “There are two main factors supporting gold. One is the current market uncertainty over tariffs, and the other is the situation between Iran and the U.S.”
XS.com senior market analyst Lin Tran stated, “Recent rounds of negotiations have not yielded clear results, which means geopolitical risks still exist but have not worsened. Therefore, gold prices remain high, but there is not enough momentum yet to form a sustainable upward trend.” (Jin10)