“Over the course of February gold prices recovered much of the loss that occurred on the last trading day of January. At the end of February gold prices settled at $5,247.90, around $70 short of the record settlement price of $5,318.40 reached on 29 January. Price action in gold prices over the course of February confirmed that the positive trend and investor sentiment toward gold still were intact.
The economic and political risks that have been driving investors toward gold still are in play, and in fact are growing more dangerous to the global economy and citizenry. The U.S. and Israel’s attack on Iran on 28 February serves as a clear example of the ongoing international political risks, if not also the domestic political problems in some countries and the impact on global, national, and personal economic and financial conditions of these political issues. Uncertainty around tariffs is back and inflation remains problematic.”
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