Mar 2, 2026
positiveGold Breaches $5,400 as Safe-Haven Demand Surges; JP Morgan Raises Year-End Target to $6,300
Spot gold prices surged nearly 2 percent to breach $5,400 per ounce on Monday as the escalating U.S.-Iran conflict drove intense safe-haven demand, with U.S. gold futures advancing 2.58 percent intraday and JPMorgan raising its year-end price target to $6,300 per ounce, citing sustained geopolitical risk, sticky inflation, and central bank buying as structural supports for bullion.


