Analysis: Tariffs and Geopolitical Risks Boost Gold's Safe-Haven Appeal, Likely to See Seventh Consecutive Monthly Gain

BlockBeats News, February 27th, this Friday, the price of gold rose as the uncertainty of US tariff policies and escalating tensions between the US and Iran strengthened the appeal of gold as a safe-haven asset, making it poised to see a seventh consecutive monthly gain.

ANZ analyst Soni Kumari stated: "There are two factors supporting gold. One is the current market uncertainty regarding tariffs, and the other is the situation between Iran and the US."

Lin Trang, Senior Market Analyst at XS.com, said: "The recent rounds of negotiations have not led to a clear outcome, keeping geopolitical risks present but not intensified. Therefore, the price of gold remains at a high level, but there is not enough momentum to form a sustainable upward trend." (FX678)