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US-Israel Attack on Iran, Global Gold Prices Soar in Early March 2026

Adi Ahdiat 02/03/2026 13:59 WIB

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The global gold price surged in early March 2026, a day after the US and Israel launched an attack on Iran.

Average Global Gold Prices per Month (January 2022 - March 2026)*

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Average Global Gold Prices per Month (January 2022 - March 2026)*

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The United States (US) and Israel launched airstrikes against Iran on February 28, 2026, amid allegations that Iran was developing nuclear weapons for terrorism.

"President Donald J. Trump authorized Operation Epic Fury — a precise, overwhelming military campaign to eliminate the imminent nuclear threat posed by the Iranian regime, destroy its ballistic missile arsenal, degrade its proxy terror networks, and cripple its naval forces," said the US presidential office, The White House, in a press release on March 1, 2026.

Following the attacks, Iran retaliated by launching missiles at Israel and US military bases scattered across Middle Eastern countries.

Shortly after the outbreak of war, the global gold price trend surged immediately.

According to Investing.com data, the average gold price reached US$5,392 per troy ounce on March 1, 2026, the day after the attacks.

The price rose by 2.75% month-on-month and surged by 71% year-on-year compared to the previous year.

According to the World Bank, gold prices often rise in tandem with investors' growing concerns about the global situation.

"Gold prices are often seen as a barometer of global uncertainty," said the World Bank in its October 2023 Commodity Market Outlook report.

"Previous conflicts and geopolitical uncertainties have often been accompanied by rising gold prices. If there is a wider conflict in the Middle East, gold prices are likely to rise further from their already high levels, as investors switch to safer-haven assets," it continued.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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US-Israel Attack on Iran, Global Gold Prices Soar in Early March 2026

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