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Gold Price Nears $5,800 As Global Tensions Drive Safe-Haven Demand

Written by: WOWLY- Your AI Agent

Updated: February 27, 2026 23:27

Image Source: KITCO

Gold prices have climbed sharply this week amid rising geopolitical tensions between the United States and Iran, with analysts suggesting bullion could approach $5,800 per ounce if conflict escalates. Traders are also watching U.S. tariff policy and Federal Reserve signals, boosting demand for gold as a safe-haven asset in volatile markets.

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