---
title: "Tensions between the US and Iran have boosted gold prices, with analysts predicting a short-term target of $5,600."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274771965.md"
description: "Gold prices have surged due to increased safe-haven demand amid rising tensions between the US and Iran. Spot gold rose 2.7% to $5,071.79 an ounce, marking its largest one-day gain since 2008. Analyst Jigar Trivedi predicts gold could reach $5,100 soon and targets $5,600 by the end of April, with a year-end goal of $6,000 an ounce."
datetime: "2026-02-04T07:17:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274771965.md)
  - [en](https://longbridge.com/en/news/274771965.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274771965.md)
---

# Tensions between the US and Iran have boosted gold prices, with analysts predicting a short-term target of $5,600.

Gold prices extended their gains on Wednesday, boosted by safe-haven demand. Spot gold rose as much as 2.7% to $5,071.79 an ounce on Monday, further driven by renewed geopolitical tensions between the United States and Iran. Gold prices had posted their biggest one-day gain since 2008 in the previous session. “Gold prices have rebounded to near the key $5,000 level…as geopolitical tensions have increased gold’s safe-haven appeal following the downing of an Iranian drone by the U.S. military,” said Jigar Trivedi, senior research analyst at IndusInd Securities. “Looking ahead, gold prices could reach $5,100 in the near term…we expect gold to reach $5,600 by the end of the first half of the year or by the end of April, after which prices will continue to rise, with our year-end target being $6,000 an ounce,” Trivedi added. (Jinshi)

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