Gold price today, Friday, February 20: Gold moves above $5,000 again on geopolitical tensions

Gold (GC=F) April futures opened at $5,015 per troy ounce on Friday, 0.4% higher than Thursday’s closing price of $4,997.40. The gold price rose above $5,050 in early trading. Tensions between the U.S. and Iran are fueling gold demand, even as short-term interest-rate reductions look less probable. The U.S. has sent two aircraft carriers and other combat equipment to the Middle East, while Iran recently ran annual military drills with Russia. On Thursday, President Trump warned that “bad things will hap ...