Gold Prices Surge Again: Forecasts Predict US$6,000 Mark
Gold prices are shining again. Gold and silver prices have rebounded. Gold prices rose as tariffs and geopolitical risks drove demand for safe-haven assets.
On Wednesday (February 25, 2026), the global gold price rose 0.44% to US$5,170.63 per troy ounce. Gold strengthened again after a decline that broke the four-day winning streak.
On Thursday (February 26, 2026) until 06.52 WIB, the global gold price in the spot market weakened 0.07% to US$5,168.59 per troy ounce.
Gold prices rose on Wednesday as investors turned to safe assets amid concerns that tariffs could trigger inflation, while ongoing tensions between Iran and the United States also maintained safe-haven demand.
“There is an inflationary impact from tariffs and high oil prices, especially if an attack is imminent, and I think there are also some hedges by investors, who may be turning to gold,” said Bart Melek, head of global commodity strategy at TD Securities, to Reuters.
The US began imposing temporary global import tariffs of 10% on Tuesday, but a White House official said the Trump administration was working to raise it to 15%.
President Donald Trump, in his State of the Union address, said that “almost all” countries and companies want to maintain existing tariff and investment agreements with Washington.
Trump also explained his reasons for a possible attack on Iran, saying that he would not allow the world’s largest state sponsor of terrorism to have nuclear weapons. Meanwhile, Iran and the US are scheduled to hold a third round of nuclear talks on Thursday in Geneva.
Gold is widely regarded as a safe-haven asset during times of uncertainty. Although this non-yielding asset has increased in a low-interest rate environment, gold is also seen as a hedge against inflation.
Gold reached a record high of US$5,594.82 on January 29, 2026, and has risen about 20% so far this year.
“Investors have slowed the pace of increasing their exposure to gold. Therefore, we are accounting for a period of potential gold price decline until spring, although the re-emergence of tariff uncertainty could make this period of consolidation relatively short,” according to a Bank of America note, adding that they expect prices to reach US$6,000 per ounce in the next 12 months.