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Published: 26 February 2026,07:33
Daily Market Analysis New
*Gold prices push higher as a retreating US Dollar and geopolitical jitters boost the metal’s safe-haven appeal.
*US Trade Representative Jamieson Greer confirms plans to hike specific tariff rates from 10% to 15% or higher.
*Nuclear talks in Geneva between the US and Iran resume Thursday, serving as a critical pivot point for regional stability.
Market Summary:
Gold is currently benefiting from a “perfect storm” of tailwinds. As the dollar index undergoes a technical correction—retreating from recent highs—the yellow metal has become more attractive to international buyers. This price action is further bolstered by intensified safe-haven demand as market participants grapple with the implications of the administration’s latest trade maneuvers.
The trade landscape became significantly more complex on Wednesday following comments from USTR Jamieson Greer. By signaling a jump to 15% tariff rates for select nations without naming specific partners, the administration has injected a fresh dose of uncertainty into global markets. This lack of clarity has historically pushed investors toward tangible assets like gold to hedge against potential trade-war volatility.
On the geopolitical front, all eyes are on Geneva. The latest round of US-Iran nuclear talks is viewed as a high-stakes effort to avert further military escalation in the Middle East. While both sides have signaled a willingness to negotiate, the shadow of a large-scale military buildup continues to support a “risk-off” sentiment, keeping a firm floor under bullion prices.
Technically, the dollar remains in a consolidation phase, stuck between established support and resistance levels. With a light economic calendar earlier in the week, the market is starving for a clear catalyst. This makes the upcoming US Initial Jobless Claims and Producer Price Index (PPI) reports the primary focus for the next 48 hours, as they will provide the necessary clues on the Fed’s next move and the health of the US economy.
Technical Analysis
Gold is currently holding firm above 5180.00, benefiting from a “triple threat” of tailwinds: increased safe-haven demand due to US-Iran nuclear talks in Geneva, a slightly weaker US Dollar, and lingering uncertainty over the Trump administration’s plan to hike global tariffs to 15%. Technical indicators on the H1 chart show the RSI at 52 and a diminishing bearish MACD, suggesting that bulls are regrouping for a potential breakout toward the 5235.00 resistance level.
However, the rally faces a “momentum inflection point” as it nears psychological resistance at 5200.00. Institutional analysts note that while the long-term outlook remains bullish—with some targets reaching $6,300—a failure to sustain momentum in the near term could lead to a structural pullback. Traders should watch for a “double top” formation; if the price fails to clear 5235.00, a retrace to the 5170.00 support or even a deeper correction toward 5100.00 remains a distinct possibility.
Resistance Levels: 5235.00, 5350.00
Support Levels: 5170.00, 5040.00
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