Gold price jumps as tariff fears swell; traders brace for Iran talks and U.S. jobs report
Spot gold rose 1.1% to $5,202.28 an ounce, and U.S. gold futures settled 1% higher at $5,226.20 on Wednesday as investors sought safety amid new U.S. tariffs and Middle East tensions. U.S. Trade Representative Jamieson Greer said tariffs could rise to 15% for some countries. Geneva talks between U.S. and Iranian officials are set for Thursday. Traders are watching for the March 6 U.S. jobs report.