Geopolitical Tensions Soar, But Why Are Gold Prices Stalling?

• The US/Israel-Iran conflict began February 28, 2026, targeting Iranian leadership and nuclear sites, leading to the death of Ayatollah Ali Khamenei.
• Despite escalating tensions, oil price surges (WTI crude $60 to $110) due to Strait of Hormuz disruption, gold prices remain consolidated.
• Gold's stagnation is attributed to a stronger US Dollar, higher interest rates, and an inflationary environment, which typically hinder its rise.
• Since the conflict started, gold traded $5,277-$5,054 per ounce internationally and Rs 1,69,880-Rs 1,59,350 per 10 grams on MCX.
• Future gold prices depend on global slowdown, Fed policy, and geopolitical escalation, with potential for 15-20% rise in bullish scenarios.