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Gold Holds Four-Day Gain on Tariff Uncertainty, Iran Tensions

Yihui Xie
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⚡ Quantum Brief
Gold prices stabilized after a four-day rally, closing near $5,230 per ounce amid geopolitical and economic uncertainty in February 2026. The precious metal surged over 7% in four sessions as investors sought safe-haven assets due to escalating U.S. trade policy risks and Middle East tensions. President Trump’s announcement of a 15% global import tariff hike—following a Supreme Court ruling against his reciprocal tariffs—fueled market volatility and demand for bullion. Iran-related geopolitical strains further drove gold’s appeal, reinforcing its role as a hedge against instability in both trade and conflict zones. Analysts attribute the sustained gains to persistent uncertainty, with traders prioritizing gold over riskier assets amid evolving tariff disputes and regional tensions.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Gold:Gold steadied, after four days of gains, as heightened uncertainty over US trade policy and tensions in the Middle East drove investors toward safer assets.Bullion was near $5,230 an ounce in early trading, having advanced more than 7% over the previous four sessions. World markets are in a state of confusion after President Donald Trump said he would increase a global import levy to 15% following the US Supreme Court’s ruling against his so-called reciprocal tariffs.

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