Increase in Gold Prices in Global Markets Amid Geopolitical Tensions
Gold prices surged in global markets this Thursday, driven by various economic and political factors that prompted investors to flock to the precious metal, viewed as a safe haven asset.
Increase in Spot Prices and Futures Contracts
According to international market data, the spot price of gold rose by approximately 0.8%, reaching nearly $5,176 per ounce. Meanwhile, futures contracts in the United States saw an increase of about 1%, settling around $5,186 per ounce.
Geopolitical Tensions Fuel Demand
This rise comes amid escalating military tensions between the United States and Iran. In such situations, investors tend to channel their funds into gold, regarded as a safe asset during periods of uncertainty.
Impact of the Dollar’s Decline
The depreciation of the U.S. dollar contributed to this upward trend, as the weakening of the American currency makes gold purchases less expensive for investors using other currencies.
Notable Increase Since the Start of 2026
Since the beginning of the year 2026, gold prices have risen by approximately 20%, reaching new record levels amid ongoing uncertainty in global markets due to geopolitical and economic tensions.
Rise in Other Precious Metals
The increase was not limited to gold. Silver prices rose by about 1.2%, while platinum gained 2.1%. Additionally, palladium also recorded a slight uptick in international markets.
