Gold Price Forecast: Safe-Haven Bids Lift Gold Price as Iran Talks Loom

Published: February 26, 2026

Author: Arslan Ali

Market Overview

Gold (XAU/USD) has surged past the $5,200 mark as investors seek safety amidst escalating global trade uncertainties. The ongoing geopolitical tensions, particularly related to US-Iran nuclear discussions, have heightened demand for gold as a safe-haven asset.

Key Drivers of Gold's Rally

• Trade Policy Uncertainty: Former President Trump's persistent plans for a 10% import tax, despite being blocked by the Supreme Court, have contributed to market volatility. This uncertainty is driving investors towards gold.
• US-Iran Tensions: The looming nuclear talks between the US and Iran are creating a risk-off sentiment in the market. Trump's recent statements have further escalated concerns, suggesting potential military action if Iran does not comply with US demands.

Technical Analysis

Gold is currently trading at $5,193, maintaining support above the $5,155 level within a rising channel. The price remains above the 50-period moving average, indicating a bullish trend. Analysts suggest that a break above the $5,247 resistance could lead to targets of $5,292 and $5,331.

Silver Price Forecast

Silver (XAG/USD) is trading around $89.20, with support at $88.70. The price is also within a rising channel, and recent trading patterns indicate strong demand at lower levels. A potential target for silver is $94.80, with a stop-loss suggested below $87.50.

Conclusion

As geopolitical tensions and trade uncertainties continue to influence market sentiment, gold and silver are expected to remain in focus for investors seeking safe-haven assets. Analysts will closely monitor developments in US-Iran talks and trade policies, as these factors will likely impact future price movements.