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ComMODITY: Gold is on the rise

25/02/2026
Source : ORISHAS FINANCE
Categories: Raw materials

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This Wednesday, the gold price climbed. Investors are flock to this safe haven metal during Asian exchanges, in the face of uncertainty about US tariffs after the court United States Supreme invalidated a series of measurements of president Donald Trump .

The spot gold price was up 0.5% % at 5,174.76 dollars per ounce, at 01:59 GMT. The gold price ended the The previous session fell by more than 1% as investors took their profits after gold hit a three-week high earlier in during the day.

American gold futures for deliveries in April were up 0.3% to $5,192.20.

Gold could stabilize around a support of $5,140 per ounce and retest the resistance at 5,244 dollars, said Wang Tao, a technical analyst at Reuters, adding that the immediate resistance is at 5,205 dollars and a crossing of this level could lead to an increase in the range of 5,221 to 5,244 dollars.

The cash price increased by 1 % to reach $88.23 per ounce, after reaching a high on Monday in more than two weeks.

The spot plate increased by 2.1% to 2,212.72 dollars per ounce, while palladium added 1.4% to settle at 1,793.68 dollars

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