Gold, Silver Rise After U.S.-Israel Strikes on Iran
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Gold and silver rose in early Monday trading after the U.S. and Israel launched missile strikes on Iran that reportedly killed Supreme Leader Ali Khamenei and several senior officials, sharply escalating tensions and driving investors into safe-haven assets.
London spot gold rose 1.3% to above $5,350 an ounce, briefly touching around $5,390 before paring gains. U.S. gold futures climbed as high as $5,400.
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- Gold rose 1.3% to over $5,350/oz and silver 1.4% to $95/oz after U.S.-Israel strikes on Iran reportedly killed Supreme Leader Ali Khamenei.
- Gold and silver prices had already rebounded since late January’s correction, driven by increased geopolitical tensions.
- Analysts attribute the surge to sentiment, noting the medium-term outlook depends on conflict developments; prolonged tensions may sustain high prices.
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Who’s Who
- SDIC Futures Co. Ltd.
- SDIC Futures Co. Ltd. is a company that provides insights into market trends. They noted that markets had already factored in expectations of a U.S.-Iran conflict. According to SDIC Futures, the medium-term outlook for gold prices hinges on the conflict's evolution; swift stabilization could weigh on gold, while a prolonged confrontation would likely keep prices elevated.
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What Happened When
- Late January 2026：
- Spot gold fell from a record near $5,560 an ounce to about $4,650 within a week and silver slid from above $120 to $70.
- Feb. 20, 2026：
- U.S. President Donald Trump said he was considering preliminary limited military strikes on Iran.
- By Feb. 27, 2026：
- Before the latest escalation, London gold had risen 5.6% since Feb. 20, 2026, while silver had gained nearly 20%.
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