$XAU Gold and silver prices are surging to near-record highs, driven by intense safe-haven demand amidst escalating Middle East tensions between Israel and Iran. As of March 1, 2026, spot gold is trading above $5,200 per ounce, while silver has climbed toward $95, marking a massive monthly gain for both metals.
Trading Economics
Key Updates (March 1, 2026):
Gold Price: Spot gold is trading near $5,230–$5,294 per ounce, with prices having soared on Friday.
Silver Price: Spot silver is trading around $92–$94 per ounce, showing significant strengthAPMEX.
Key Driver: The sharp rise is primarily driven by fears of a wider conflict in the Middle East following attacks in the region, which has prompted investors to seek refuge in physical bullionUSAGOLD.
Market Outlook: Analysts suggest gold could continue to rise due to geopolitical risks, with some forecasting potential, though extreme, further gains
