Gold Rises as Mideast Conflict Drags On

2026-03-05 00:39 By Kyrie Dichosa 1 min. read

Gold rose to about $5,170 per ounce on Thursday, building on the prior session’s advance as investors sought safety amid escalating tensions in the Middle East.

The conflict entered a sixth day, with US and Israeli forces striking targets across Iran and Tehran retaliating with missile attacks on several neighboring states, including key energy facilities.

President Donald Trump backed the American campaign, while US officials said an Iranian warship was sunk in international waters.

Iranian authorities denied reports that their intelligence ministry had approached Washington for negotiations, calling the claims false.

Meanwhile, the Treasury Secretary confirmed a global 15% tariff will begin this week and may revert within five months.

Higher oil and gas prices have revived inflation concerns, prompting traders to delay expectations for easing by the Federal Reserve, with a first cut now seen in September and two reductions still priced in for 2026.



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Gold Rises as Mideast Conflict Drags On
Gold rose to about $5,170 per ounce on Thursday, building on the prior session’s advance as investors sought safety amid escalating tensions in the Middle East. The conflict entered a sixth day, with US and Israeli forces striking targets across Iran and Tehran retaliating with missile attacks on several neighboring states, including key energy facilities. President Donald Trump backed the American campaign, while US officials said an Iranian warship was sunk in international waters. Iranian authorities denied reports that their intelligence ministry had approached Washington for negotiations, calling the claims false. Meanwhile, the Treasury Secretary confirmed a global 15% tariff will begin this week and may revert within five months. Higher oil and gas prices have revived inflation concerns, prompting traders to delay expectations for easing by the Federal Reserve, with a first cut now seen in September and two reductions still priced in for 2026.
2026-03-05
Gold Rises on Middle East Jitters
Gold rose back above $5,160 per ounce on Wednesday, recovering some losses from the previous session, as investors tracked developments in the Middle East. The US-Israeli conflict with Iran entered its fifth day, with Israel striking a building where clerics were meeting to select a new Supreme Leader on Tuesday. US President Donald Trump voiced concern that the attacks could bring a new Iranian leadership as troubling as the previous regime, underscoring the conflict’s uncertain trajectory. Trump also pledged naval escorts and insurance support for oil tankers and other vessels through the Strait of Hormuz to ease market fears. Gold and other metals had tumbled on Tuesday as the dollar strengthened on worries that rising energy costs could drive inflation, prompting investors to reassess the Federal Reserve’s policy path.
2026-03-04
Gold Drops Nearly 5%
Gold slipped nearly 5% to around $5,050 per ounce on Tuesday, as investors increasingly favored the US dollar over bullion as a safe haven amid escalating geopolitical tensions. The USD strengthened as investors sought shelter amid soaring energy prices linked to the Middle East conflict. Rising fuel costs added to inflation worries, pushing bond yields higher and prompting markets to reassess the Federal Reserve’s policy trajectory. Expectations for the next Fed rate cut have moved from July to September, though two 25-basis-point reductions remain priced in. Meanwhile, the US military is expected to intensify operations against Iran, potentially targeting missile production sites, drones, and naval assets. A senior Iranian official also warned that vessels attempting to transit the Strait of Hormuz could be targeted, effectively stalling tanker traffic amid heightened security risks.
2026-03-03