🚨Breaking-Gold prices surged past the $5,200 per ounce mark on Tuesday, staging a strong rebound after Monday’s dollar-driven setback. Silver outperformed gold, soaring more than 6% on the day and extending its impressive rally for 2026. The sharp turnaround in precious metals came as the U.S. dollar weakened, following a nearly 12% plunge in global oil prices, which eased expectations for more hawkish Federal Reserve policy in the months ahead.According to data from Barchart, the recovery was also fueled by rising geopolitical tensions in the Middle East. An Iranian drone strike targeted the UAE’s largest refinery at the Ruwais Industrial Complex, disrupting operations and sending ripples through energy and commodities markets. The incident reinforced gold’s traditional role as a safe-haven asset, with investors seeking shelter amid uncertainty and volatility.Analysts say the outlook for gold remains bullish as long as inflation concerns linger and geopolitical risks stay elevated. With markets now looking ahead to next week’s U.S. CPI report and the Federal Reserve’s March policy meeting, traders expect volatility to remain high across currencies and commodities, keeping gold in firm focus for both investors and central banks.
