Gold after Iran war (28 Feb 2026)
After Iran war on 28 Feb 2026, gold was 3.5% lower three months on and twelve months on is not yet in the record, measured from the Jan 2026 monthly average of $4,753 a troy ounce.
- Gold before
- $4,753
- Jan 2026
- Gold +3 months
- -3.5%
In context
Joint U.S.–Israeli strikes on Iran began (Operation Epic Fury; Israel: Roaring Lion); Iranian strikes on Israel, Qatar and Bahrain the same day.
Over the same months silver was 15.3% lower three months on.
It is a U.S. military operation on the chart.
The U.S. military operation before it on the chart: Iran (21 Jun 2025).
Monthly average prices in U.S. dollars per troy ounce (Kitco.com and the World Bank Pink Sheet), from the last full month before a period to its last full month; the record runs Feb 1971 to Oct 2026. What the record did, not a forecast. Source: war.gov.
Updated Oct 2026 · record through Oct 2026