Gold prices steady for seventh straight monthly gain

Gold prices held steady on Friday and are set for a seventh straight monthly gain. Safe haven demand remains high amid U.S. tariff policies and Iran tensions.

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Gold prices remained largely steady on Friday, positioning the precious metal for its seventh consecutive month of gains. This sustained upward momentum is primarily driven by escalating safe-haven demand amid uncertainties surrounding trade policies in the United States and ongoing geopolitical tensions involving Iran.

A gold bar marked with the letters "BTC" is displayed at a jewelry shop in Cairo, Egypt, as demand for bullion rises among buyers seeking a safe haven during economic uncertainty, February 5, 2026. REUTERS/Amr Abdallah Dalsh
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