Gold and silver markets entered February 2026 in a consolidation phase following January’s historic volatility. Gold traded within a broad range for most of the month before regaining bullish momentum late in February as geopolitical tensions escalated in the Middle East. Safe-haven demand strengthened as investors reacted to political uncertainty, trade risks, and questions surrounding U.S. Federal Reserve leadership. Structural demand from central banks and continued ETF participation also supported the broader bullish trend in gold prices.
Silver remained significantly more volatile due to its dual role as both an industrial and monetary metal. Prices stabilized mid-month before rebounding alongside gold during renewed risk-off sentiment. In Egypt, 21K gold traded around 7,536 EGP per gram, reflecting global gold price movements. Technically, the broader trend remains bullish, although markets remain highly sensitive to geopolitical and macroeconomic developments.