Is gold ready to renew its highs? So far, it is repeating history
February 28, 2026 @ 10:57 +03:00
Gold has gained about 2% since the beginning of the week, but this is a modest result only at first glance. Most importantly, this is the third week of positive dynamics with prices recovering to levels not seen in a couple of days.
Geopolitical tensions once again drove demand for commodity assets, from gold to oil, as investors grew increasingly uncertain about how stable the situation would remain heading into the weekend. In addition, pressure on the stock market, where big tech companies came under pressure, once again raised the question of hedging against existing risks.
Despite our commitment to the scenario that the peak in gold for the coming years is behind us, we still see technical room for a rebound to 5300, which would bring the current dynamics closer to a couple of similar cases in the past. Nevertheless, in the longer term, it is worth being prepared for lower prices and increased selling pressure.
The FxPro Analyst Team
