Gold Price is Predicted to Reach $63.000 in 2026! Check out the Analysis and Driving Factors

Jakarta, Pintu News – Gold prices remained above the $5,200 (IDR 87,750,000) level on March 1, continuing an upward trend amid rising geopolitical tensions. On Feb. 27, gold bullion traded at $5,247 (IDR 88,543,125), recording a daily gain of 1.03% and indicating strong investor demand.

Gold prices surge above $5,200 amid escalating geopolitical tensions

This strengthening session came after coordinated military strikes by the United States and Israel targeting Iranian leadership figures and strategic military infrastructure. The development heightened fears of a widening regional conflict and raised the risk of disruption to global oil supplies.

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Analysts believe that increased geopolitical risks generally encourage a shift of funds to safe haven assets such as gold. Expectations of rising oil prices and the potential for renewed inflationary pressures also strengthened the bullion price increase. Gold closed the month at a record high of $5,278, which was the best monthly close in its history.

During February, gold prices rose 7.83%, bringing its market capitalization to about $2.68 trillion. Silver also tested the historical monthly level of 93.76 after rallying about 10% in a month. The rally boosted its market value, with an estimated increase of about $480 billion.

J.P. Morgan Projects Gold Price to Hit $6,300 by 2026

J.P. Morgan raised its long-term projection for gold prices as global demand remains strong. The bank maintained its end-2026 target of $6,300 (IDR106,293,600) per ounce. Analysts highlighted strong and sustained central bank buying as a key underpinning factor for the bullion market.

A number of other major banks also updated their forecasts amid improving investor interest. Strategists expect gold prices to move closer to the target in the fourth quarter of 2026.

Moderating inflation and relatively stable interest rates have the potential to strengthen capital inflows into gold.

Crypto Prices Strengthen as Bitcoin Breaks $68,000

As of March 1, 2026, the cryptocurrency market had risen 3.24%, bringing the total market capitalization to $2.31 trillion. This rebound was mainly led by Bitcoin , which bounced off its previous low and boosted investor confidence again.

On the other hand, analysts also highlighted active and sustained central bank purchases as a supporting factor for the gold market. A number of major banks also revised their projections as investor optimism improved. Strategists expect gold prices to approach the target in the fourth quarter of 2026.

Stable interest rates and increasingly moderate inflation are considered to have the potential to increase capital inflows into gold.

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Gold Price Technical Outlook: Will the Rally Continue?

Gold shows bullish momentum with intraday strength, as seen from the price holding solid above the 5,200 support zone. The recent rise towards the $5,280-$5,300 area is a positive signal, especially if buyers are able to keep the price above 5,220.

On the upside, the nearest resistance is at 5,280, with a breakout level of 5,300. If the price is able to break and hold above 5,300, the upside space is potentially open towards the short-term resistance area in the range of 5,330-5,350, as market participants who pursue trend continuation (momentum continuation) tend to enter when the movement rises.

Conversely, initial support is at 5,220, while stronger demand is expected to emerge at 5,200. If 5,200 is broken downwards, the price risks correcting towards 5,180-5,150, which could potentially be an area for buyers to re-establish positions.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CoinGape. Gold Price Prediction 2026: Analysts Expect Gold To Reach $6,300 This Year. Accessed on March 2, 2026