$XAU Gold and silver prices have surged dramatically, with spot gold crossing $5,270-$5,290 per ounce and $XAG silver approaching $95 per ounce, driven by safe-haven demand following intensified U.S. and Israeli actions against Iran.
$XAU
Gold Market Update (as of late Feb 2026):
Spot Gold: Trading near $5,270 - $5,294 per ounce, reflecting a sharp surge from earlier in the week.
Price Action: Gold has seen a significant, sharp increase, with some reports showing it approaching $5,300 per ounce due to safe-haven buying.
Drivers: The primary drivers are military escalations in the Middle East, specifically involving Iran, Israel, and the U.S..
Outlook: Experts are setting potential targets even higher, with some forecasts suggesting $5,450 to $6,300 per ounce by late 2026.
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