reuters.com·Feb 25, 2026
Gold prices rose by 1.1% to $5,202.28 per ounce amid investor concerns over inflation due to tariffs and geopolitical tensions between Iran and the U.S. Despite this increase, Bank of America predicts a potential softening in gold prices into spring, although they foresee prices reaching $6,000 per ounce in the next year.
The potential increase in U.S. tariffs to 15% could exacerbate inflationary pressures and drive investors towards gold as a hedge, despite expectations of weaker gold prices into the spring. This suggests a tactical opportunity to consider gold as a short-term hedge if tensions around tariffs and geopolitical issues, such as the U.S.-Iran talks, persist.