Gold Rises as Dollar Weakness and Safe-Haven Demand Offset US Trade Uncertainty

Global Precious Metals Report

February 25, 2026

Key Figures:

• $5,175.00: Spot gold price per ounce
• $5,193.90: U.S. gold futures for April delivery
• $90.40: Spot silver price per ounce
• $2,285.64: Spot platinum price per ounce
• $1,816.21: Spot palladium price per ounce

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

Market Overview

The global precious metals market saw significant gains on Wednesday, with spot gold, silver, platinum, and palladium reaching three-week highs. The softer U.S. dollar and heightened safe-haven demand amid uncertainty over U.S. tariffs and growing friction between Washington and Tehran contributed to the price increase.

Gold Market

Spot gold rose 0.5% to $5,175.00 per ounce, while U.S. gold futures for April delivery were up 0.5% at $5,193.90. The U.S. dollar index was down, making greenback-priced bullion cheaper for other currency holders.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

Silver Market

Spot silver climbed 3.5% to $90.40 per ounce, its highest point in three weeks. The metal's price increase is attributed to the softer U.S. dollar and heightened safe-haven demand.

Platinum and Palladium Market

Spot platinum rose 5.4% to $2,285.64 per ounce, its highest point since February 4. Palladium added 2.7% to $1,816.21 per ounce.

Market Outlook

JP Morgan has raised its long-term price forecast for gold to $4,500 per ounce and predicts that demand from central banks and investors this year could push gold prices to $6,300/oz by end-2026. The market outlook remains uncertain, with a complex mix of monetary policy, inflation expectations, and U.S. dollar dynamics shaping the path ahead.