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Gold price rallies as Iran conflict escalates

Broader regional instability could lead to lasting market implications

Munira Rajkotwalla and Isabeau van Halm
US President Donald Trump oversees Iran military operations at Mar-a-Lago, Florida on February 28, 2026.

US President Donald Trump oversees Iran military operations at Mar-a-Lago, Florida on February 28, 2026 | Credits: White House photo by Daniel Torok

Gold prices surged past $5,400/oz on Monday morning, marking a near-historic peak and the metal's strongest single-session advance in weeks.  The rally was ignited by coordinated weekend air strikes...

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