Gold and silver prices are gearing up to reach their January highs, bolstered by recent geopolitical events as Iran, and Israel and the US on the other side, exchange missile attacks. Reports, citing strategic analysts, pinned the focus on Iran’s nuclear programme, with both US and Israeli leaders confronting Iran’s expanding military and nuclear capabilities, which boosted the risk premium in precious metals. On Comex, spot silver was up 7.85 per cent to 93.82 per ounce, and gold at $5,296 per ounce. Over time, however, markets settle, and prices may pull back if tensions ease. “We would expect the ongoing rally in oil, gold and silver to extend.

Source: The Telegraph March 01, 2026 01:19 UTC