Gold Prices Surge on U.S. Call for Immediate Exit from Iran

Gold futures rise 2.4% to $2,345.60 per ounce on February 07, 2026, following the U.S. advisory to citizens to immediately withdraw from Iran. The advisory heightened geopolitical risk, sending safe-haven demand higher. The New York Mercantile Exchange's gold contract (NGM) reflects a 2.4% increase in trading volume compared to the prior session. Analysts note the move may contribute to continued volatility in precious metals as global tensions remain a key driver of short-term price movements.