Gold Inches Up as Traders Eye US Tariffs and Iran Nuclear Talks

Bullion was near $5,170 an ounce in early trading.

Photographer: Matt Jelonek/Bloomberg

Gold edged higher as traders weighed geopolitical tensions in the Middle East and the impact of US tariffs on global trade.

Bullion traded near $5,200 an ounce, having gained nearly 6% over the last six sessions, as a buildup of US troops in the Middle East kept global markets on edge. Washington and Iran started a third round of nuclear talks on Thursday, and President Donald Trump has given the Islamic Republic a deadline of March 1-6 to strike a deal, threatening military action if it fails to do so.