Gold Prices Rise Amid U.S. Tariff Uncertainty And Geopolitical Tensions

As of February 26, 2026, gold prices have edged higher, with spot gold reported at $5,183.85 per ounce, reflecting a 0.3% increase. This rise is attributed to a softer dollar and safe-haven demand amid ongoing uncertainty surrounding U.S. tariff policies and U.S.-Iran talks. U.S. Trade Representative Jamieson Greer announced that the tariff rate for some countries will increase to 15% or higher from the newly imposed 10%, contributing to market volatility. Analysts, including Christopher Wong from OCBC, noted that the current price action reflects a re-pricing of policy uncertainty and geopolitical concerns, with expectations of three 25-basis-point rate cuts from the Federal Reserve this year, according to CME's FedWatch Tool.