Gold Price Surges Above $5,200 as Geopolitical Tensions Fuel Safe-Haven Demand

Gold prices remained firmly above the $5,200 level over the past 24 hours, extending their strong upward momentum as geopolitical tensions intensified. On February 27, gold bullion traded at $5,247.90, marking a 1.03% daily gain and highlighting sustained investor demand for safe-haven assets. The rally followed coordinated military strikes by the United States and Israel targeting Iranian leadership and strategic military infrastructure, escalating fears of a broader regional conflict and potential disruptions to global oil supplies.

Heightened geopolitical risks traditionally push investors toward gold as a store of value. Concerns over rising oil prices and renewed inflationary pressure further strengthened bullion’s appeal. Gold closed the month at a record $5,278, its highest monthly finish on record, after gaining 7.83% in February. The surge lifted gold’s total market capitalization to approximately $2.68 trillion, underscoring its dominant position in global financial markets.

Silver prices also recorded strong performance, climbing 10% during the month and testing a historic high monthly level of 93.76. The rally boosted silver’s estimated market value to around $480 billion, reflecting broad strength across precious metals.

Major financial institutions have turned increasingly bullish on gold. J.P. Morgan reaffirmed its long-term forecast of $6,300 per ounce by the end of 2026, citing continued central bank purchases and resilient global demand. Several other banks have also upgraded their gold price forecasts as investor appetite improves. Analysts expect prices to approach these targets by the fourth quarter of 2026, supported by moderating inflation and stable interest rates that could drive additional capital inflows into bullion.

Meanwhile, cryptocurrency markets also rebounded, with total market capitalization rising 3.24% to $2.31 trillion. Bitcoin broke above $68,000, restoring investor confidence across digital assets.

From a technical perspective, gold maintains bullish momentum, holding above key support at $5,200. Immediate resistance stands at $5,280, with a breakout above $5,300 potentially opening the path toward $5,330–$5,350. On the downside, support levels are seen at $5,220 and $5,200, with deeper pullbacks possibly targeting the $5,180–$5,150 range if selling pressure emerges.