PRECIOUS-Gold broadly steady as lower Treasury yields balances out moderation in safe-haven bids
By Ishaan Arora
Feb 27 (Reuters) - Gold was broadly steady on Friday as a drop in U.S. Treasury yields eased the opportunity cost of holding bullion, while muted safe-haven demand kept prices in check as investors assess U.S-Iran negotiations.
Spot gold XAU= edged 0.1% lower to $5,180.09 per ounce by 0752 GMT. The benchmark 10-year yield US10YT=RR fell to a three-month low on the day.
U.S. gold futures GCcv1 for April delivery were up 0.1% at $5,196.70.
"Ten-year U.S. Treasury yields after subtracting inflation, so the real yield, have plummeted and that actually is currently a supporting factor, allowing gold to hold steady regardless of the risk premiums ticking down yesterday after U.S.-Iran talks," said Kelvin Wong, a senior market analyst at OANDA.
Gold was set for its seventh straight month of gains, rising more than 6% in February, a month in which renewed U.S. tariff uncertainty and U.S.-Iran tensions boosted its safe-haven appeal.
The U.S. and Iran made progress in Geneva on Thursday over Tehran's nuclear programme, mediator Oman said, but hours of negotiation ended without a breakthrough to avert potential U.S. strikes amid a massive military buildup.
The dollar was set to gain 0.6% for the month, as indications of a more hawkish Federal Reserve made dollar-priced gold more expensive for holders of other currencies. USD/US/
Fed Chair nominee Kevin Warsh's path to out-of-the-gate interest rate cuts, in alignment with President Donald Trump's expectations, could be narrowing amid emerging bullishness about the U.S. economy.
The number of Americans filing new applications for jobless benefits increased slightly last week, but data showed that the unemployment rate appeared to hold steady in February in a stable labour market.
Spot silver XAG= rose 1.9% to $90.10 per ounce, and was headed for a 6.5% gain on the month.
Spot platinum XPT= climbed 5.5% to $2,398.12 per ounce, a four-week high, while palladium XPD= gained 2.8% to $1,834.52.
Related Articles
The Hotter AI Gets, the More Attractive “Bricks” Become? Wall Street's HALO Craze Turns Heavy Assets Red-Hot
TradingKey - As AI technology continues to lower the barriers to replication for virtual products, global asset pricing logic is undergoing a subtle shift—tangible assets rooted in the physical world that are difficult to replace digitally are regaining significant favor from capital. This trend has
Ethereum Fails to Hit $2,200. Will ETH Hit New Lows Again in 2026?
Ethereum retreats after testing $2,200: Will it continue to drop and hit new lows?
Nvidia Q4 Earnings Beat Expectations but Stock Plunges 5.5%, $260 Billion in Market Value Erased Overnight, Why Are Investors Voting With Their Feet?
TradingKey - On February 25, 2026, global AI chip leader Nvidia (NVDA) released its fiscal 2026 fourth-quarter earnings report. Revenue, net profit, and data center business all significantly exceeded Wall Street consensus expectations, delivering a "stellar" set of results.
Deconstructing Citrini’s “2028 Global Intelligence Crisis”: S&P 8000 Bait and the Game Logic of Technological Deflation
A deep deconstruction of the 2026 AI-driven wealth migration logic, analyzing the paradox between the unemployment wave warnings and the S&P 8,000 projection in the Citrini report. Through core case studies such as Microsoft’s valuation mean reversion and Amazon AWS’s computing power dividends, this article reveals high-conviction investment opportunities in "physical layer" assets against a backdrop of technological deflation.
