Gold Stabilizes and Heads for its Seventh Consecutive Monthly Gain

SadaNews Economy - Gold stabilized overall today, Friday, as a decline in U.S. Treasury yields contributed to reducing the opportunity cost of holding the precious metal, compensating for the impact of a strong dollar and indications of progress in talks between the U.S. and Iran.

Gold stayed steady in spot transactions at $5,175.69 per ounce, after rising by 0.4% in the previous session, on track to record a weekly gain.

Gold is heading for its seventh consecutive month of gains, having risen by more than 6% during February, driven by uncertainty related to U.S. tariffs and escalating tensions between the U.S. and Iran, which enhanced its appeal as a safe haven, according to CNN.

U.S. gold futures for April 2026 rose by 0.2% to $5,201.40 per ounce.

Silver in spot transactions increased by 1.6% to $89.81 per ounce, heading for a monthly gain of 6.1%.

Platinum also rose by 3.9% to $2,260.09, while palladium increased by 1.7% to $1,805.24 per ounce.