Gold and silver prices are on the rise, driven by safe-haven demand amid escalating tensions in the Middle East. As of March 5, 2026, gold is trading at $5,078.70 per ounce, while silver is at $84.89 per ounce ¹ ².
Recent Developments:
- Gold Price: Gold surged to $5,204 per ounce on March 5, supported by geopolitical tensions and a stronger dollar.
- Silver Price: Silver jumped to $85.75 per ounce, driven by safe-haven buying and industrial demand.
- Market Sentiment: Analysts predict gold could reach $5,500-$5,700 per ounce and silver could hit $100-$130 per ounce in 2026.