Gold Set for Monthly Gain

2026-02-27 01:58 By Kyrie Dichosa 1 min. read

Gold firmed around $5,180 per ounce on Friday, on track for its seventh consecutive monthly rise as investors weighed US trade policy and geopolitical risks.

President Trump’s new 10% global tariffs took effect earlier this week, with the potential to rise to 15% for certain countries following the Supreme Court’s ruling against broader duties.

Meanwhile, Washington and Tehran are set to resume negotiations next week following progress on Thursday, paving the way for further diplomacy, though a US source said officials left disappointed.

On the monetary policy front, traders are watching Fed signals, with Chicago Fed’s Austan Goolsbee citing possible rate cuts if inflation eases, while Governor Stephen Miran supports a full 1-point cut in 2026.

Still, the probability of a rate reduction by June has fallen to 50%, and expectations of a third cut by year-end have nearly vanished.



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