Gold Price Analysis: Why the Precious Metal Stays Firmly Above $5,000 Amid Iran Conflict | Metals Mine

  • Gold Price Analysis: Why the Precious Metal Stays Firmly Above $5,000 Amid Iran Conflict

    From parameter.io

    The precious metal market displayed relative stability on Wednesday as opposing market dynamics created a narrow trading band. The spot price for gold declined a marginal 0.1% to settle near $5,187 per ounce, with April futures contracts sliding 0.9% to approximately $5,194. The commodity has experienced significant price swings since reaching a peak just below $5,600 per ounce during the final days of January. Despite the subsequent correction, the metal has maintained firm support above the psychologically important $5,000 level. The military engagement involving the United States, Israel, and Iran reached its ... (full story)

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    IRAN HAS THREATENED TO STRIKE THE U.S. WEST COAST WITH OFFENSIVE DRONES IN RETALIATION FOR AMERICAN MILITARY OPERATIONS, ACCORDING TO AN FBI WARNING ISSUED TO CALIFORNIA POLICE DEPARTMENTS, ABC NEWS REPORTS. FBI warns Iran aspired to attack California with drones in retaliation for war: Alert The FBI warned police departments in California in recent days that Iran could retaliate for American attacks by launching drones at the West Coast, according to an alert reviewed by ABC News. “We recently acquired information that as of early February 2026, Iran allegedly aspired to conduct a surprise attack using unmanned aerial vehicles from an unidentified vessel off the coast of the United State Homeland, specifically against unspecified targets in California, in the event that the US conducted strikes against Iran,” according to the alert distributed at the end of February. “We have no additional information on the timing, method, target, or perpetrators of this alleged attack.” The warning came just as the Trump administration launched its ongoing assault against the Islamic Republic. Iran has been retaliating with drone strikes against targets throughout the Mideast.

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