

Gold Price Soars Amid US-Israel Strikes on Iran

Gold prices rose sharply, with spot gold increasing around 1.9% to $5,376 per ounce, reaching its highest level in over four weeks. US gold futures gained 2.7% to $5,389. The surge followed major US and Israeli strikes on Iran, including the reported killing of Iran's Supreme Leader Ayatollah Ali Khamenei, and the continuation of missile exchanges across the region. This escalation in tensions between the US and Iran has raised fears of a prolonged period of instability, which, in turn, has led to an increased demand for gold as a safe-haven asset. The geopolitical uncertainty has outweighed the strength of the US dollar, which normally exerts downward pressure on gold prices. Safe-haven flows have been evident, and gold has risen despite a firmer dollar, signaling that defensive positioning is currently outweighing currency dynamics. Adding to this, rising oil prices due to Middle East instability have also contributed to inflation concerns, which could complicate the Federal Reserve’s rate-cut path. Gold, typically benefiting from inflation and geopolitical unrest, has surged as a result of these broader macroeconomic pressures. Read more on how rising geopolitical tensions and inflation risks are driving gold’s rise and what traders should watch next.

Learn more

Publication date:

2026-03-02 08:39:44 (GMT)

The terms and conditions of use set out below (referred to as "FX Blue's Terms"), form a contractual agreement governing FX Blue's relationship with you in relation to your use of this Website (“Agreement”) and you agree to be legally bound by FX Blue's Terms just as if you had signed this Agreement. By using this Website and any Information, you are agreeing to comply with and be bound by FX Blue's Terms, including any revisions that may be made to FX Blue's Terms from time to time. FX Blue reserves the right, in FX Blue's sole discretion, to change, modify, add or remove portions of FX Blue's Terms at any time by posting the revisions on the Website. You should check FX Blue's Terms periodically for changes as by using the Website after FX Blue posts any changes to FX Blue's Terms, you are agreeing to accept those changes, whether or not you have reviewed them, and you waive any right you may have to receive individualised notice of such changes. FX Blue's Terms may be supplemented by additional terms and conditions pertaining to specific content and activities. You agree and understand that such additional terms and conditions are hereby incorporated by reference to FX Blue's Terms. Your continued use of the Website means that you accept any new or modified FX Blue Terms.