Gold price jumps as tariff fears swell; traders brace for Iran talks and U.S. jobs report
Gold pushed higher Wednesday, with spot prices up 1.1% to $5,202.28 an ounce as of 2:00 p.m. ET. U.S. gold futures for April delivery closed around 1% above the previous session at $5,226.20, as shifting U.S. tariff moves and fresh Iran tensions had investors moving into havens. “There's an inflationary impact from tariffs and high oil prices,” said Bart Melek, global head of commodity strategy at TD Securities.