Gold Prices Stabilize Amid Trade Tensions
Gold prices remained stable on February 24, 2025, hovering close to record highs due to rising concerns over potential new tariffs proposed by US President Donald Trump.
In immediate trading, gold saw a slight increase of 0.13%, reaching $2,939.88 per ounce, while gold futures settled at $2,953.10. This follows a notable peak recorded earlier on Thursday, where the precious metal hit $2,954.69.
The current dynamics in the gold market reflect ongoing apprehension among investors regarding international trade policies and their implications on economic stability. As such, gold continues to attract attention as a safe-haven asset during periods of uncertainty.
