As we hit late February 2026, the markets are shifting from "growth at all costs" to "protection at all costs." $XAU and $XAG are no longer just tracking inflation—they are reacting to a perfect storm of global uncertainty.
🔑 Why the Bullish Pivot?
Tariff Chaos: Following the recent Supreme Court ruling on trade measures, the return of aggressive 15% flat tariffs has spiked fears of a global trade slowdown.
Geopolitical Heat: With US-Iran nuclear talks in Geneva reaching a fever pitch and renewed naval tensions, the "risk-off" rotation is accelerating.
Sticky Inflation: Despite hawkish Fed signals, January’s PCE data confirms inflation remains stubborn, making precious metals the go-to hedge for purchasing power.
📊 Technical Snapshot
Gold ($XAU/USD): Successfully reclaimed the $5,200 psychological barrier. Bulls are now eyeing $5,300 as the next major resistance.
Silver ($XAG/USD): Showing explosive momentum, currently testing the $91 level. A clean break here opens the door for a run toward $100.
The Takeaway: This isn't retail FOMO; it's a structural hedge. Institutions are positioning for a volatile 2026, and the charts show that capital is flowing back to the oldest "insurance" in history.