--- title: "PRECIOUS-Gold gains as US-Iran tension drives safe-haven demand" description: "Gold prices increased as geopolitical tensions between the U.S. and Iran heightened safe-haven demand. Spot gold rose 0.5% to $5,004.47 per ounce, while U.S. gold futures for April delivery were up 0." type: "news" locale: "en" url: "https://longbridge.com/en/news/276307980.md" published_at: "2026-02-19T06:49:37.000Z" --- # PRECIOUS-Gold gains as US-Iran tension drives safe-haven demand > Gold prices increased as geopolitical tensions between the U.S. and Iran heightened safe-haven demand. Spot gold rose 0.5% to $5,004.47 per ounce, while U.S. gold futures for April delivery were up 0.3%. Analysts attribute the price support to potential conflict in the Middle East. The Federal Reserve's recent minutes revealed a split among officials regarding future interest rate decisions. Investor focus is now on upcoming jobless claims and the Personal Consumption Expenditures report. Silver and platinum also saw price increases amid market consolidation expectations. US PCE data due on Friday Fed minutes show officials grappling with policy split Russian Foreign Minister warns against US strike on Iran By Pablo Sinha Feb 19 (Reuters) - Gold prices edged up on Thursday after rising more than 2% a day earlier, as persisting geopolitical tensions between the U.S. and Iran lifted safe-haven demand, while investors assess the Federal Reserve’s monetary policy path. Spot gold (XAU=) rose 0.5% to $5,004.47 per ounce by 0634 GMT. U.S. gold futures (GCcv1) for April delivery were up 0.3% at $5,025.10. “If there’s anything fundamental you could point to that would be supporting (gold) prices, it’s the prospect of conflict in the Middle East and the kind of safe-haven demand that goes along with it,” said Kyle Rodda, senior market analyst at Capital.com. Some progress was made during Iran talks this week in Geneva but distance remained on some issues, the White House said on Wednesday, while Russian Foreign Minister Sergei Lavrov warned that any new U.S. strike on Iran would have serious consequences. Meanwhile, January Fed minutes showed that policymakers were in near-unanimous agreement to keep interest rates on hold, but remained split over their next steps, with “several” open to rate hikes if inflation remains elevated, while others were inclined to support further cuts if inflation recedes. Non-yielding bullion tends to do well in low-interest-rate environments. Markets currently expect this year’s first interest rate cut to be in June, according to CME’s FedWatch Tool. (FEDWATCH) Investor attention now turns to weekly jobless claims due later in the day and Friday’s Personal Consumption Expenditures report which is the Fed’s preferred inflation metric. Mainland Chinese, Hong Kong, Singapore, Taiwan and South Korea markets were closed for the Lunar New Year holidays. “We still see a period of consolidation in the near term before prices of gold and silver trend higher gradually. For silver, consolidation is likely to hold in the $70 to $90 range while gold may trade in the $4,800 to $5,100 range in the interim,” said Christopher Wong, a strategist at OCBC. Spot silver (XAG=) rose 1.5% to $78.36 per ounce after rising more than 5% on Wednesday. Spot platinum (XPT=) edged 0.7% higher to $2,084.71 per ounce, while palladium (XPD=) gained 0.4% to $1,722.94. ### Related Stocks - [GOLD.US - Gold.com](https://longbridge.com/en/quote/GOLD.US.md) - [518850.CN - ChinaAMC Gold ETF](https://longbridge.com/en/quote/518850.CN.md) - [GDXW.US - Roundhill Gold Miners Weeklypay ETF](https://longbridge.com/en/quote/GDXW.US.md) - [02824.HK - EFUND GOLD MI ETF](https://longbridge.com/en/quote/02824.HK.md) - [GLD.US - SPDR Gold Shares](https://longbridge.com/en/quote/GLD.US.md) - [KGC.US - Kinross Gold](https://longbridge.com/en/quote/KGC.US.md) - [SGDJ.US - Sprott JR Gold Miners ETF](https://longbridge.com/en/quote/SGDJ.US.md) - [600489.CN - ZHONGJIN GOLD](https://longbridge.com/en/quote/600489.CN.md) - [NEM.US - Newmont](https://longbridge.com/en/quote/NEM.US.md) - [601899.CN - Zijin Mining](https://longbridge.com/en/quote/601899.CN.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Gold is down by 2.02% | Gold decreased 2.02% to 4890.35 USD/t.oz | [Link](https://longbridge.com/en/news/276095374.md) | | Life After Goldmageddon – Boring Is The New Up | ChillingOur base case for gold, outlined recently, remains that the shiny metal needs to consolidate after the huge run- | [Link](https://longbridge.com/en/news/276062495.md) | | Swiss gold exports drop 8% in January as deliveries to UK fall | Swiss gold exports fell 8% in January, primarily due to a significant drop in shipments to the UK, which decreased from | [Link](https://longbridge.com/en/news/276328235.md) | | Ongwe Minerals commences drill program on its gold exploration projects in Namibia | Ongwe Minerals commences drill program on its gold exploration projects in Namibia | [Link](https://longbridge.com/en/news/276227648.md) | | Stocks And Precious Metals Charts - Bullish Braying | The VIX rose as stocks experienced volatility, with market sentiment cautious about risk-reward levels. 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