ABC Bullion Monthly Market Update February 2026

Precious metals markets entered March on a volatile footing after an impressive rebound post January’s sharp sell off. Gold extended its powerful rally, climbing above USD $5,400 per troy ounce (oz) on safe-haven demand amid escalating geopolitical tensions in the Middle East, before cooling after profit-taking and a stronger US dollar put downward pressure on prices. Silver followed a similar pattern, showing signs of extreme volatility, briefly trading above USD $95oz before retracing.

Despite January’s record sell-off event, precious metals have continued to generate above average returns year to date, with gold and silver gaining 22% and 32% in USD terms respectively.

This price strength underscores the resilience of the precious metals bull thesis in 2026. Safe-haven flows tied to geopolitical conflicts globally and expectations for a continuation of monetary easing by the US Fed from mid-2026 onward continue to underpin investor interest, even as ETF inflows moderated after record January figures.

Demand wise, the strength across the precious metal sector year to date has led to record levels of new account activations at ABC Bullion, in-store and online trade, and demand for both key physical products as well as our ABC Bullion Gold Saver.

It also provides the ideal backdrop for the release of the ABC Bullion February Monthly Market Update.

With detailed charts on gold, silver and platinum performance, inflation dynamics, commodity prices, comparisons of precious metals markets to risk assets and technical analysis, it is an invaluable resource that helps Australian investors navigate the precious metal market.

Thank you for choosing ABC Bullion

Jordan Eliseo
General Manager, ABC Bullion

Luke Tyler
Market and Business Analyst, ABC Bullion

^{Disclaimer: This document has been prepared by Australian Bullion Company (NSW) Pty Limited (ABN 82 002 858 602) (ABC). The information contained in this document or internet related link (collectively, Document) is of a general nature and is provided for information purposes only. It is not intended to constitute advice, nor to influence any person in making a decision in relation to any precious metal or related product. To the extent that any advice is provided in this Document, it is general advice only and has been prepared without taking into account your objectives, financial situation or needs (your Personal Circumstances). Before acting on any such general advice, we recommend that you obtain professional advice and consider the appropriateness of the advice having regard to your Personal Circumstances. If the advice relates to the acquisition, or possible acquisition of any precious metal or related product, you should obtain independent professional advice before making any decision about whether to acquire it. Although the information and opinions contained in this document are based on sources, we believe to be reliable, to the extent permitted by law, ABC and its associated entities do not warrant, represent or guarantee, expressly or impliedly, that the information contained in this document is accurate, complete, reliable or current. The information is subject to change without notice, and we are under no obligation to update it. Past performance is not a reliable indicator of future performance. If you intend to rely on the information, you should independently verify and assess the accuracy and completeness and obtain professional advice regarding its suitability for your Personal Circumstances. To the extent possible, ABC, its associated entities, and any of its or their officers, employees and agents accepts no liability for any loss or damage relating to any use or reliance on the information in this document. It is intended for the use of ABC clients and may not be distributed or reproduced without consent. © Australian Bullion Company (NSW) Pty Limited 2020.}