Gold Builds Momentum

2026-03-10 16:06 By Felipe Alarcon 1 min. read

Gold prices rose toward $5,230 per ounce on Tuesday as investors weighed conflicting signals regarding the duration and intensity of the conflict in the Middle East.

While President Trump suggested that military operations against Iran are nearing a conclusion and described the mission as very complete, Defense Secretary Pete Hegseth warned that Tuesday would mark the most intense day of strikes to date.

This geopolitical friction has combined with a weakening US dollar and a sharp retreat in Treasury yields to bolster the appeal of non-yielding bullion.

Market participants are increasingly focused on the potential for stagflation as global leaders weigh emergency oil reserve releases to counter recent energy shocks.

Although the immediate safe-haven bid remains intact, the trajectory of gold hinges on Wednesday's inflation report and the subsequent Federal Reserve policy meeting on March 18th.

Central bank diversification into physical gold continues to provide a floor for prices.



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