Gold prices inched higher Thursday as safe-haven demand strengthened amid tariff uncertainty and renewed geopolitical tensions.
Spot gold rose 0.2% to $5,182.18 per ounce, after hitting a three-week high earlier this week.
U.S. gold futures for April delivery slipped 0.5% to $5,198.70, while the dollar weakened, supporting bullion’s appeal.
Analysts cited persistent U.S.-Iran tensions and uncertainty surrounding President Donald Trump’s tariff strategy as key bullish drivers.
Gold, up 20% this year and near its record $5,594.82 peak, remains supported by strong Asian and central bank buying.
Elsewhere, silver fell 2.2%, palladium declined 1.3%, and platinum held steady as investors awaited U.S. jobless claims data.
