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ASX:ANZ 27 January 2026 - 17 February 2026

Gold price today: Bullion snaps back toward $5,100 as U.S.-Iran tensions flare

Gold price today: Bullion snaps back toward $5,100 as U.S.-Iran tensions flare

Gold prices edged back toward $5,100 an ounce in early European trading Wednesday, driven by safe-haven buying after the U.S. military shot down an Iranian drone near an aircraft carrier in the Arabian Sea. Spot gold climbed 2.9% to $5,082.94 per ounce by 0813 GMT. Meanwhile, U.S. gold futures for April gained 3.4%, hitting $5,103.50. This followed Tuesday’s sharp nearly 6% surge—the metal’s largest one-day increase since November 2008.
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