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Gold Surges Above $5200 Amid Tariff Fears & Geopolitical Tensions

March 2, 2026, 12:02 AM158 words10 sourcesAI-Generated · Reviewed by editorial team
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Gold Surges Above $5200 Amid Tariff Fears & Geopolitical Tensions

Photo: Pexels / Zlaťáky.cz

Gold prices have experienced a significant rally, consistently breaching the $5,200 per ounce mark, driven by escalating geopolitical risks, particularly US-Iran tensions, and renewed uncertainty surrounding US trade policy. President Trump’s implementation of a 10% global tariff, with potential for increases, has fueled safe-haven demand. Analysts at Bank of America predict prices could reach $6,000 within 12 months, while JP Morgan raised its long-term forecast to $4,500. The metal is recovering from a January rout, finding support above $5,000, and silver has also seen gains, boosted by cartel turmoil in Mexico. Chennai’s gold market has witnessed substantial increases, with ornamental gold rising to ₹1,26,200 per sovereign. Despite some profit-taking and consolidation expectations, the overall outlook remains bullish, with gold viewed as a hedge against inflation and market volatility. Experts suggest a 5-10% allocation to gold can reduce portfolio risk. While historically underperforming stocks, gold has outperformed in recent years (2024 & 2025), gaining 28% and 65% respectively.

Source Articles

This article is based on analysis of 8 source articles from our news database.

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