New Delhi, March 7 -- Continued uncertainty in the geo-economic situation indicates the trend of rising inflation, which goes in favour of gold, according to the World Gold Council (WGC).

"Rising inflation expectations, lower rates, and continued geo-economic uncertainty are playing in gold's favour," said WGC.

Gold prices have been on an upward trend, with February seeing multiple new highs before pulling back to end the month at USD 2,835 per ounce, marking a 0.8 per cent increase, according to the WGC.

The rise in gold prices has been supported by continued inflows into COMEX inventories, driven by ongoing tariff uncertainties. This trend has been observed across global currencies, with many hitting record highs.

One of the primary...