Gold Prices Experience Slight Increase Amid Rising Geopolitical Tensions
On February 6, 2025, gold prices experienced a modest uptick, nearing the all-time high recorded in the previous session. This increase is largely attributed to heightened concerns over potential escalations in customs duties between China and the United States, prompting investors to seek safety in precious metals.
In the immediate market, gold rose by 0.1 percent, reaching $2,867.79 per ounce as of 04:32 Baghdad time. The previous session had seen gold hit its highest level ever at $2,882.16. Meanwhile, U.S. gold futures experienced a slight decline of 0.2 percent, trading at $2,887.10.
In addition to gold, other precious metals also saw gains. Silver increased by 0.1 percent, settling at $32.35 per ounce. Platinum saw a 0.2 percent rise to $981.81, while palladium edged up by 0.1 percent, reaching $990.66.
| Metal | Price per Ounce | Change |
|---|---|---|
| Gold | $2,867.79 | +0.1% |
| Silver | $32.35 | +0.1% |
| Platinum | $981.81 | +0.2% |
| Palladium | $990.66 | +0.1% |
As the geopolitical landscape evolves, the fluctuations in precious metal prices continue to reflect market reactions to global economic uncertainties.
