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Gold Inches Up as Traders Eye US Tariffs and Iran Nuclear Talks

Yihui Xie
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⚡ Quantum Brief
Gold prices climbed to near $5,200 per ounce, marking a 6% gain over six sessions as geopolitical tensions and trade policies fueled safe-haven demand. US-Iran nuclear talks entered a critical third round, with President Trump setting a March 1–6 deadline for a deal, warning of military action if negotiations fail. A US troop buildup in the Middle East heightened market uncertainty, driving investors toward bullion as a hedge against escalating regional instability. New US tariffs on global trade added pressure, reinforcing gold’s appeal amid concerns over economic disruption and inflationary risks. The metal’s steady rise reflects broader anxiety over geopolitical flashpoints and trade policies, cementing its role as a crisis-era asset.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Gold:Bullion was near $5,170 an ounce in early trading.Gold edged higher as traders weighed geopolitical tensions in the Middle East and the impact of US tariffs on global trade.Bullion traded near $5,200 an ounce, having gained nearly 6% over the last six sessions, as a buildup of US troops in the Middle East kept global markets on edge. Washington and Iran started a third round of nuclear talks on Thursday, and President Donald Trump has given the Islamic Republic a deadline of March 1-6 to strike a deal, threatening military action if it fails to do so.

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