Gold prices settled higher by 0.75% at ₹86,026, driven by escalating geopolitical tensions and a sharp decline in the U.S. dollar index. The imposition of U.S. trade tariffs on Mexico, Canada, and China, which affected $1 trillion in global commerce, contributed to market uncertainty, boosting gold’s safe-haven appeal. Additionally, the latest U.S. ISM Manufacturing PMI remained stable at 50.0 in February, slightly lower than expectations.
Gold Rises on Geopolitical Tensions & Sharp Drop in U.S. Dollar Index.www.thealgoteachnology.com
