Gold prices rebounded, supported by a softer US dollar and rising\ntensions in the Middle East. According to Refinitiv, gold closed at\nUS$5,135.42 per troy ounce on Wednesday 4 March 2026, up 0.96%. The gain\nfollowed a 4.5% drop on Tuesday to around US$5,000. Prices remained\nfirmer on Thursday 5 March 2026, at 06:18 Western Indonesian Time (WIB),\nat US$5,147.59 per troy ounce, up 0.24%. The rise in gold prices was\nsupported by the dollar\u2019s weakness. The dollar index eased to 98.76 from\n99 the previous day. Because gold is priced in dollars, a softer dollar\ntends to support gains in bullion.<\/p>\n
\u201cAfter several days of position unwinds and a firmer dollar, the\nmarket has returned to a more normal macro risk-off environment, with\nsilver also rising. A pause in the dollar\u2019s advance and in Treasury\nyields helps lower the opportunity cost of holding the precious metal,\u201d\nsaid Jamie Dutta, market analyst at Nemo.money, to Reuters. \u201cThe\nsafe-haven characteristics of gold and silver could shine again,\u201d he\nadded.<\/p>\n
Earlier, gold prices fell more than 4% on Tuesday as investors\nshifted into the U.S. dollar and inflation concerns reduced expectations\nfor rate cuts, which typically lower the opportunity cost of holding\ngold.<\/p>\n
From the Middle East came reports that U.S. forces continued strikes\nagainst Iran around the clock, while Israel launched a large-scale wave\nof attacks on Wednesday targeting Iranian missile sites and air defence\nsystems.<\/p>\n
Stock markets in Asia fell as investors unwound large positions in\nchipmakers amid fears that the widening Middle East conflict could\ntrigger oil-price shocks, which could in turn push up inflation and\ndelay rate cuts.<\/p>\n
Investors broadly expect the U.S. Federal Reserve to hold rates at\nits policy meeting, which runs for two days and ends on 18 March. Linh\nTran, senior market analyst at XS.com, said: \u201cIf the military campaign\nlasts longer or spills into other regions, demand for safe-haven assets\nis likely to continue to support gold above US$5,000 per ounce and\npotentially open the door to test fresh highs.\u201d<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/gold-prices-rebound-time-to-build-momentum-toward-fresh-highs-1772672199", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }