Gold Outlook: Continued rise with renewed trade war and mobilization against Iran
Analysts expected that gold and silver prices would maintain their upward trajectory during this week, against the backdrop of escalating geopolitical tensions in the Middle East, and renewed uncertainty following US President Donald Trump’s announcement of imposing 15% global tariffs on all of Washington’s trading partners.
Technical analysis of gold: Positive momentum continues
Gold ended Weekly trading, Friday, above $5,100 per ounce, indicating that buyers are still in control of the price movement despite the sharp decline that the yellow metal witnessed at the end of January. Exceeding the level of 5100 is considered Dollaris an important development, especially with the Friday trading session closing above this level. Breaking this level and holding above it until the end of the week reflects an upward momentum in the market and confirms the continuation of positive momentum, according to the technical analysis of the platform. "FX Emperor"
Trump tariffs and negotiations with Iran
Escalating geopolitical tensions continue to support demand for safe havens, especially with the increasing US military buildup against Iran, raising market concerns. With uncertainty surrounding the diplomatic track and the continued risk of a response from Tehran, the level of uncertainty remains high, adding further support to gold prices and Other precious metals. On the other hand, the US Supreme Court’s ruling that Trump’s tariffs are illegal would stimulate industrial growth as a result of rising global demand for goods. As gold and silver are considered a safe haven, demand for them is expected to rise.
Gold Price Expectations
Major banks, including… "BNP Paribas"and"Goldman Sachs" They expect gold prices to resume their upward trend. He pointed out "Goldman Sachs"in a note, noted that central banks, which are a major driver of rising gold prices, are still keen to increase their holdings to hedge against geopolitical and financial risks. Meanwhile, the bank confirmed "UPS" His forecast for gold prices to rise in 2026, expects prices to reach $6,200 an ounce by mid-year before stabilizing at $5,900 by December.
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