---
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)
generator: "portal-rs"
---

# 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)

### Related Stocks

- [GDXJ.US](https://longbridge.com/en/quote/GDXJ.US.md)
- [GDXW.US](https://longbridge.com/en/quote/GDXW.US.md)
- [GDX.US](https://longbridge.com/en/quote/GDX.US.md)
- [600547.CN](https://longbridge.com/en/quote/600547.CN.md)
- [SGDM.US](https://longbridge.com/en/quote/SGDM.US.md)
- [GOLD.US](https://longbridge.com/en/quote/GOLD.US.md)
- [159562.CN](https://longbridge.com/en/quote/159562.CN.md)
- [NEM.US](https://longbridge.com/en/quote/NEM.US.md)
- [000655.CN](https://longbridge.com/en/quote/000655.CN.md)
- [SGDJ.US](https://longbridge.com/en/quote/SGDJ.US.md)
- [600489.CN](https://longbridge.com/en/quote/600489.CN.md)
- [159934.CN](https://longbridge.com/en/quote/159934.CN.md)
- [GDXY.US](https://longbridge.com/en/quote/GDXY.US.md)
- [KGC.US](https://longbridge.com/en/quote/KGC.US.md)
- [RING.US](https://longbridge.com/en/quote/RING.US.md)
- [IAU.US](https://longbridge.com/en/quote/IAU.US.md)
- [518850.CN](https://longbridge.com/en/quote/518850.CN.md)
- [AEM.US](https://longbridge.com/en/quote/AEM.US.md)
- [601899.CN](https://longbridge.com/en/quote/601899.CN.md)
- [GLD.US](https://longbridge.com/en/quote/GLD.US.md)

## Related News & Research

- [Mapping the Market: Gold miners' rally may have further to run](https://longbridge.com/en/news/296335836.md)
- [Barrick Mining (TSX:ABX) After Earnings Growth And Newmont Deal Still Looks Slightly Undervalued](https://longbridge.com/en/news/296529222.md)
- [Stop Buying Gold Miners Until You Check This Metric](https://longbridge.com/en/news/296345950.md)
- [Tocqueville Asset Management L.P. Makes New Investment in Agnico Eagle Mines Limited $AEM](https://longbridge.com/en/news/296597596.md)
- [Tacita Capital Inc Takes Position in Kinross Gold Corporation $KGC](https://longbridge.com/en/news/296470056.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**