Gold prices hold above $5,000 as the Iran war and central bank decisions dominate focus

Gold prices have stayed firmly above the $5,000‑per‑ounce mark in recent weeks, defying pressure from a strong U.S. dollar and tight global financial conditions. This is happening as the U.S.-Israel conflict with Iran, which began in late February 2026, continues to ripple through markets, pushing investors toward safe‑haven assets like gold. Geopolitical risk and rising energy costs have shaken confidence in stocks and bonds, while central banks around the world adjust policy to curb inflation and manage uncertainty.