Gold Reverses Gain

2026-03-03 06:19 By Judith Sib-at 1 min. read

Gold fell below $5,300 per ounce on Tuesday, giving up earlier gains, pressured by a stronger US dollar and rising Treasury yields.

With Middle East tensions driving oil prices higher, this heightened concerns over US inflation, prompting traders to reduce bets of further Federal Reserve rate cuts.

Adding to inflation concerns, ISM manufacturing input prices for February surged to the highest level since mid-2022.

Markets now see the next Fed rate cut likely around September, later than previously anticipated.

Meanwhile, President Trump warned on Monday that the US would continue attacking Iran until it was no longer capable of posing a threat, signaling that the conflict could last for a month or “far longer.” At the same time, Iran declared the Strait of Hormuz closed and threatened to target any vessels attempting to transit the critical energy corridor.



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Gold Reverses Gain
Gold fell below $5,300 per ounce on Tuesday, giving up earlier gains, pressured by a stronger US dollar and rising Treasury yields. With Middle East tensions driving oil prices higher, this heightened concerns over US inflation, prompting traders to reduce bets of further Federal Reserve rate cuts. Adding to inflation concerns, ISM manufacturing input prices for February surged to the highest level since mid-2022. Markets now see the next Fed rate cut likely around September, later than previously anticipated. Meanwhile, President Trump warned on Monday that the US would continue attacking Iran until it was no longer capable of posing a threat, signaling that the conflict could last for a month or “far longer.” At the same time, Iran declared the Strait of Hormuz closed and threatened to target any vessels attempting to transit the critical energy corridor.
2026-03-03
Gold Holds Gain as Mideast Tensions Escalate
Gold hovered near $5,320 per ounce on Tuesday, holding onto most of the previous sessions’ gains, supported by strong demand for safe-haven assets amid increasing tensions in the Middle East. On Monday, President Trump warned that the US would continue attacking Iran until it was no longer capable of posing a threat, signaling that the conflict could last for a month or “far longer.”  Meanwhile, Iran declared the Strait of Hormuz closed and threatened to target any vessels attempting to transit the critical energy corridor. The escalation in conflict drove oil prices sharply higher, intensifying concerns over inflationary pressures in the US. This, in turn, triggered a sell-off in Treasuries and reduced bets of further interest rate cuts by the Federal Reserve. Markets now see the next Fed rate cut likely around September, later than previously anticipated.
2026-03-03
Gold Pares Gains
Gold held above $5,300 on Monday, paring earlier gains after spiking past 5,419 dollars as a dramatic "buy the dip" rally in US stocks drained the metal's safe-haven momentum. While the initial strikes on Iran triggered a flight to safety, the S&P 500 staged a massive midday comeback, turning positive as investors bet that the conflict would not escalate into a full closure of the Strait of Hormuz. Crude oil also eased from its session highs, cooling the immediate inflation fears that had driven gold's run. Strength in tech giants like Nvidia and Microsoft further signaled a return to riskier assets, while a jump in the ISM Manufacturing price index to 70.5 pushed bets for later in the year rate cuts, reinforcing the dollar's appeal. At the same time, surging Treasury yields capped bullion’s appeal further.
2026-03-02