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Gold prices climb as tariff uncertainty and Iran tensions boost demand

Bullion prices rose on Wednesday as a weaker dollar and global trade uncertainty spurred safe-haven buying. Tensions with Iran further supported the rally.

Insights:
Gold prices rose on February 25, 2026, as spot gold moved above the $5,000 level, driven by a softer U.S. dollar and heightened safe-haven demand. This upward momentum was mirrored across the broader precious-metals sector, with silver, platinum and palladium reaching multi-week highs. The Silver, platinum and palladium markets have seen significant activity following a period of intensifying uncertainty regarding trade policies in the US USUS and escalating friction between Washington and the government of Iran IRIR.
Gold imitation and U.S. dollar banknotes are seen in this illustration picture taken February 20, 2026. REUTERS/Dado Ruvic/Illustration
Gold imitation and U.S. dollar banknotes are seen in this illustration picture taken February 20, 2026. REUTERS/Dado Ruvic/Illustration
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