Gold gains on softer dollar, safe haven bid amid US tariff uncertainty

LONDON, Feb 25 (Reuters): Gold prices rose on Wednesday, lifted by a softer dollar and heightened safe-haven demand amid uncertainty over US tariffs and growing friction between Washington and Tehran.

Spot gold rose 0.5 per cent to $5,175.00 per ounce, as of 1106 GMT. US gold futures for April delivery were up 0.5 per cent at $5,193.90.

The US dollar index was down, making greenback-priced bullion cheaper for other currency holders.

"Spot gold is being supported above the $5,000 level by the softer US dollar, a muddied outlook on US trade policy, and persistent geopolitical tensions," said Han Tan, chief market analyst at Bybit.

"As long as these fundamental drivers remain intact, bullion bulls will be eager for a return towards record highs."