Gold price today, Thursday, February 19: Gold moves above $5,000 as U.S.-Iran tensions rise

Group 1 - Gold futures opened at $4,993.70 per troy ounce, down 0.3% from the previous day's closing price of $5,009.50 [1] - The price of gold rose above $5,000 amid escalating tensions between the U.S. and Iran, with military conflict becoming a possibility [2][3] - Gold's one-year gain as of January 29 was 95.6%, with a recent one-week decline of 1.3%, a one-month increase of 8.4%, and a one-year increase of 69.9% [4][8] Group 2 - The rising prospect of U.S. military action in Iran is increasing safe-haven demand for gold, as investors seek stability amid geopolitical uncertainties [3] - The U.S. has moved military forces to the Middle East, indicating preparations for potential military action against Iran [2] - Recent statements from U.S. officials suggest justification for military strikes against Iran, further heightening market concerns [2]