On February 26, 2026, gold prices surged to a three-week high of $5,186.16 per ounce, driven by safe-haven demand amid escalating uncertainties surrounding U.S. tariffs and geopolitical tensions, particularly with Iran. This increase followed the U.S. Supreme Court's ruling that struck down several of President Trump's tariff measures, which had previously reshaped global trade. In response, Trump announced a blanket 15% levy on imports, further complicating the trade landscape and contributing to a weaker dollar, which made gold more attractive for international buyers. Analysts from JP Morgan predict that gold prices could reach $6,300 an ounce by the end of 2026, reflecting strong demand from central banks and investors (Qnews, February 25, 2026). Additionally, silver prices have also seen a significant rebound, trading near $89 an ounce, as investors seek refuge in precious metals amidst market volatility (Zee Business, February 26, 2026).
BUSINESS
Gold Prices Surge Amid Us Tariff Ruling And Iran Tensions
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On Feb 26, 2026, gold hit $5,186.16/oz amid U.S. tariff uncertainties and geopolitical tensions. Analysts predict prices may reach $6,300 by year-end, while Asian stocks rose on strong Nvidia earni...
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