The US-Iran conflict saw a new incident, following which the market noted a rally for Gold prices. Its rise as an alternative safe haven for investors has again brought crypto prices under the scanner. All leading tokens are below the major milestones, possibly waiting to review developments on Friday between both countries.
Gold Prices Surge
Spot Gold was last seen at $5,077.07, up by 2.62% after a day’s decline. The rise in gold prices has taken the precious commodity a step closer to the high of $5,594.82, a value that was noted last Thursday. US Gold Futures have also climbed to $5,092 per ounce for April.
Jigar Trivedi, an analyst at IndusInd Securities, has said, according to Reuters, that geopolitical tensions lifted its safe-haven appeal. He has estimated a record high value of $5,600 for gold prices by the end of the first-half of the year, or by the end of April 2026.
Simultaneously, Spot Silver has risen to $87.84 per ounce, up by 3.2% – down from $121.64 as of last Thursday.
US-Iran Conflict
The most recent update from the US-Iran conflict is that America has shot down an aggressively approaching Iranian drone. While there is no word about escalation, reports suggest that it could be a continued effort from Iran to show its power to the US.
The earlier clash happened when Iranian forces tried to detain aUS-flagged tanker. Both sides have now agreed to take a table for discussion this Friday in Oman.
Why Are Crypto Prices Under Scanner?
There are two relevant reasons – international conflicts influence the confidence of investors to allocate their funds to risky markets, and return on gold serves as a better option to look at during uncertainty. The collective crypto market cap has declined by 2.13% to around $2.59 trillion, with the FGI at 14 points.
Every top token has shed its value over the last 24 hours. For instance, BTC, the flagship cryptocurrency, has lost almost 2.87% of its value and is now trading at $76,424.90. Kalshi Traders earlier laid down their bearish speculation, saying that the token could go as low as $64k in 2026.
Known for leading price movements across the crypto market, the speculated decline in BTC price could cause further damage to investors. Needless to say, it is important to do research and risk assessment before crypto investments.
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