Gold Prices Steady Near Historic Highs Amid Market Uncertainty
Gold prices have maintained their position close to record levels during Asian trading today, February 25, 2025, bolstered by heightened demand for safe-haven assets amid concerns regarding US trade policy, particularly the potential customs fees proposed by President Donald Trump.
As of 05:20 Baghdad time, gold prices in spot transactions reached $2,950.39 per ounce, reflecting a slight decline of approximately $6 from the record high of $2,956.15 achieved on Monday. Meanwhile, US gold futures experienced a modest increase of 0.1% to $2,967.40.
In the realm of other precious metals, silver saw a rise of 0.3%, trading at $32.45 per ounce. Platinum remained largely stable at $966 per ounce, while palladium recorded a decrease of 0.4%, settling at $936.25.
| Precious Metal | Price (per ounce) | Change |
|---|---|---|
| Gold | $2,950.39 | -$6 |
| Silver | $32.45 | +0.3% |
| Platinum | $966 | No change |
| Palladium | $936.25 | -0.4% |
The current market dynamics illustrate the ongoing volatility in reaction to global economic indicators and political developments, highlighting the protective role of gold and other precious metals in investor portfolios during uncertain times.
