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Gold prices remained stable on Friday, supported by a decline in U.S. Treasury yields, which reduced the opportunity cost of holding the precious metal. However, subdued demand for safe-haven assets kept prices in check, as investors closely monitored developments surrounding U.S.-Iran relations.
Spot gold edged up 0.1% to $1,92.19 per ounce as of 05:43 GMT. Earlier in the session, benchmark 10-year Treasury yields fell to their lowest level in three months.
Despite the day's stability, gold is on track for its seventh consecutive monthly gain, having risen by over 6% in February. Renewed uncertainty regarding U.S. tariffs and simmering tensions between Washington and Tehran have bolstered gold's appeal as a safe haven asset during the month.
