International News
Gold continues to get strength on the Middle East conflict
Safe-haven surge lifts bullion to multi-decade highs as Strait of Hormuz crisis fuels oil spike, dollar strength caps gains, and markets eye fresh breakouts toward $5,500 gold and $100 silver.
Safe Heaven hedge – Gold has extended its longest winning streak since 1973, underscoring its role as a core safe-haven asset during periods of systemic stress. With a key global trade chokepoint effectively locked and geopolitical instability intensifying, investors have decisively rotated away from risk assets toward bullion.Â
Geopolitical Tensions – US President Donald Trump signaled that military operations against Iran could persist for a month or longer, heightening fears of a prolonged conflict. In response, Iran declared the Strait of Humroz closed and warned it would target vessels attempting transit. Given that nearly 20% of global oil supply moves through this corridor, crude prices have surged, amplifying inflationary and growth concerns worldwide.
Dollar Strength – Despite strong safe-haven demand, gold and silver witnessed intermittent profit-booking as the US dollar strengthened to five-week high. The greenback gained support from safe-haven inflows and expectations that rising energy prices could stoke inflation, potentially delaying Federal Reserve rate cuts and supporting US yields in the near term. Pressure also intensified as the ISM Manufacturing Prices Index leaped to 70.5, a 11.5 point jump that signaled reignited inflation.
Gold – Support & Resistance Levels
| Market Type | Support Level | Resistance Level |
|---|---|---|
| International | $5150/oz | $5500/oz |
| Domestic | Rs 158,000/10 gm | Rs 172,000/10 gm |
   Silver – Support & Resistance Levels
| Market Type | Support Level | Resistance Level |
|---|---|---|
| International | $85/oz | $100/oz |
| Domestic | Rs 255,000/kg | Rs 300,000/kg |
Technical Triggers
- After achieving the target of $5400 (~ Rs. 1,67,000), Gold prices are consolidating and building a base for the new bullish momentum towards $5500 (~ Rs. 1,72,000) and $5600 (~ Rs. 1,76,000).
- After achieving the target of $93 (~ Rs. 2,85,000), Silver prices are expected to consolidate and build a base around $85 and $95 before resuming for the new bullish momentum towards the next resistance level of $100 (~ Rs. 300,000).
International News
Gold, silver regain ground after a sharp fall on renewed safe-haven demand
Bullion rebounds as geopolitical risks revive safe-haven buying, even as higher oil prices delay expectations of Federal Reserve rate cuts.
Gold and silver regained ground on Wednesday (March 4) after a sharp fall on Tuesday (March 3), reflecting renewed safe-haven demand amid geopolitical tensions and market volatility.
Gold had retreated sharply overnight as markets moved beyond initial Middle East tensions and shifted focus to Federal Reserve policy repricing. While threats to the Strait of Hormuz lifted crude prices, the inflationary impact of higher energy costs complicated bullion’s outlook. Elevated oil prices challenge the Fed’s disinflation path, prompting traders to push expected rate cuts from June/July toward September.
The threat to the Strait of Hormuz has driven crude prices higher, but the implications for Gold are more complex than a simple risk-off rally. While geopolitical tensions typically support bullion, the resulting spike in energy costs also raises the prospect that global inflation could remain elevated for longer than previously expected.
Higher oil prices act as a direct challenge to the Fed’s disinflation narrative. Energy costs effectively operate as a tax on economic activity while simultaneously pushing headline inflation higher. As a result, traders have begun pushing back expectations for the next Fed rate cut from June or July toward September.
That shift implies a longer period of policy restraint as the Fed waits to assess how persistent the energy shock may prove. If inflation expectations begin to rise again, policymakers are likely to remain cautious, preferring to keep rates higher for longer until the second-round effects of oil prices become clearer.
Gold continues to get strength on the Middle East conflict
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