Gold prices have risen for four consecutive days, reaching $5,230 per ounce, driven by new 15% tariffs imposed by U.S. President Donald Trump and the largest U.S. troop deployment to Iran in two decades.
According to Bloomberg analysts, investors are increasingly viewing precious metals as a reliable safe haven amid fears of a potential trade war with the EU and escalating military tensions in the Middle East. This surge follows a 7% decline in prices earlier this month.
The decision by Washington to implement a universal 15% import tariff has caused confusion among global trading partners. The European Union has already stated that such a policy contradicts existing agreements, heightening the risks of a global recession.
Simultaneously, tensions surrounding Iran’s nuclear program have reached a peak. The White House’s dismissal of Pentagon concerns regarding a prolonged military campaign has only intensified the situation, prompting major investors to shift from government bonds and currencies into physical gold.
Leading investment banks are predicting that gold prices may soon test the historical high of $5,595 per ounce, which was recorded at the end of January. Several key factors are supporting this outlook:
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Uncertainty in Fed Policy: Concerns about the Federal Reserve’s independence under pressure from the White House.
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Geopolitical Premium: Anticipation surrounding negotiations with Iran, which are set to resume this week.
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Scarcity of Alternatives: Declining confidence in the sovereign debt of developed nations.
As of Tuesday morning, gold prices have stabilized above the psychological threshold of $5,000, which technical analysts believe paves the way for further increases through the spring of 2026.
Gold prices have surged to $5,230 per ounce, influenced by new U.S. tariffs and military tensions with Iran. Analysts predict continued growth as investors seek stability amid geopolitical uncertainties.