Gold Prices Continue to Fluctuate

RunWithRugs · 2026-02-27T15:07:35+00:00

Gold prices rose sharply on Monday, nearing February's highs, trading around $5,150. This increase follows a drop to $4,500 earlier this month amid market volatility and geopolitical tensions, though gold remains close to historic peaks.

RunWithRugs

2026-02-27 15:07:35

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(MENAFN) Gold markets extended their turbulent run on Monday, climbing sharply and nearing levels last seen at the height of February’s rally.

Spot gold advanced roughly 0.9% to trade around the $5,150 range as of 1215GMT, rebounding after notable early-month weakness.

The precious metal had slipped to the $4,500 level at the start of the month, reflecting heightened volatility across global markets. Prices have been particularly sensitive to central bank policy decisions and escalating geopolitical tensions in recent weeks.

Despite the recent pullback, gold remains near historic highs. Last month, the metal surged to an all-time peak of approximately $5,600, underscoring sustained investor demand amid economic uncertainty.

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