Market analysis: Geopolitical tensions and economic uncertainty will ensure that gold continues to hit new highs

On February 20, gold futures prices fell, but they were still close to record highs. Ryan McIntyre, managing partner at Sprott, said gold was holding on to Tuesday's gains as geopolitical and economic uncertainty persisted. The breadth and uncertainty of the US tariffs have increased volatility in the overall market, which is positive for gold and has raised US prices compared to the rest of the world. A possible resolution to the Russia-Ukraine conflict may moderate gold's performance in the near term, but it will not address the broader geopolitical and economic uncertainty. He added that gold should continue its strong, consistent performance and continue to hit new highs in the coming years.