According to the Economic Times on February 28, gold and silver prices surged as investors poured money into safe-haven assets amid escalating tensions between Israel and Iran.
The situation escalated after the US and Israel launched preemptive attacks on Iran, causing multiple explosions in Tehran and raising fears of a wider conflict.
The cryptocurrency market – one of the few trading channels that remained active over the weekend – was the first to react as bitcoin dropped nearly 5%, falling below $60,000.
Analysts predict that geopolitical instability could cause significant volatility in global stock markets next week, while also driving investment towards gold and silver.
With gold prices approaching $5,300 per ounce and silver nearing $93 per ounce, the market is closely monitoring the possibility that these two metals could reach $6,000 and $200 respectively in the near future.
Phillip Streible, Director of Market Strategy at Blue Line Futures, believes that geopolitical risks and the threat of military escalation are triggering a wave of "safe haven" seekers.
According to him, gold could head towards $5,450 per ounce, with support around $5,120.
Experts believe precious metals still have the potential to rise, but for gold to reach $6,000 or silver $200 per ounce, the market needs sufficiently strong demand and sustained global instability.
Conversely, if the conflict subsides, the upward momentum may slow down.
Not only precious metals, but oil prices also surged. According to Anadolu News Agency, Brent crude rose about 3% in the last trading session of February, closing at $73.12 per barrel, the highest since June 2025.
West Texas Intermediate (WTI) crude oil rose 2.7%, to $67.22 per barrel.
Osama Rizvi, an analyst at Primary Vision, believes that the geopolitical surge may not last if the attacks remain on a limited scale.
"I believe the US will avoid targeting oil infrastructure, however Brent crude oil prices could still rise by 10%. If the attack is on a very limited scale, we could even see oil prices fall on the 2nd or 3rd," Rizvi said.
He also warned that if the Strait of Hormuz were disrupted, oil prices could surge to $150 a barrel, dragging global economic growth down by about 1.5%, pushing gold prices above $6,500 an ounce, and causing US inflation to return to 4.5%.
Source: https://baohatinh.vn/gia-vang-tang-manh-lieu-moc-6000-usd-co-bi-pha-vo-post306623.html
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