Gold prices stabilized during trading today, Wednesday, February 12, supported by demand for safe-haven assets in light of concern about the ignition of a global trade war due to tariffs that United States President Donald Trump decided to apply.

Spot gold prices settled at $2,895.30 an ounce. U.S. gold futures fell 0.1 percent to $2,928.70 at settlement. This comes after the metal prices fell by more than 1 percent after the release of inflation data, which revealed that the consumer price index in the United States rose by 0.5 percent in January, a level higher than expected. The index also hit 3 percent year-on-year, which also beat expectations.

Source (CNBC Arabia Website, Edited)