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Gold Holds Above $5,400 as Middle East Tensions Counter USD Strength

Summary by FXStreet
Gold (XAU/USD) touches a fresh high since late January during the early European session on Monday, which bulls now looking to build on the momentum beyond the $5,400 mark amid the global flight to safety.
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Spot gold rose more than 2% on Monday, reaching a high of $5,400 per ounce. The unstable situation in the Middle East, coupled with high global central bank demand, jointly pushed gold prices higher again. Experts believe that gold prices will continue to rise in March, but the upward trend may not be smooth.

With tensions rapidly rising in global markets, gold and oil prices have become the main focus for investors. The escalating crisis in the Middle East, along with US and Israeli attacks on Iran, is driving demand for traditional safe havens to record levels and accelerating the flight from risky assets. Analysts predict that if geopolitical risks persist, the upward pressure on gold and oil prices will continue throughout 2026. Highlights: Gold…

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A Haber broke the news in Türkiye on Monday, March 2, 2026.
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