Gold up, war fears spur safe-haven buying

MG News | March 05, 2026 at 10:29 AM GMT+05:00

0:00

March 05, 2026 (MLN): Gold prices climbed on Thursday as escalating tensions in the Middle East pushed investors toward safe-haven assets, while a weaker U.S. dollar further supported bullion demand.

Currently, spot gold is up 1.06% to $5,173.12 an ounce as of [10:25 am] PST, according to data reported by Mettis Global.

The U.S. dollar retreated after touching a more than three-month high earlier this week, making dollar-denominated gold cheaper for buyers using other currencies, CNBC reported

Geopolitical tensions intensified on Wednesday as the conflict between the United States and Iran expanded..

Gold, widely regarded as a safe-haven asset during periods of uncertainty, has surged roughly 20% since the start of the year, repeatedly setting new record highs amid rising geopolitical and economic risks.

Among other precious metals, spot silver advanced 1.3% to $84.50 per ounce, platinum rose 1.6% to $2,183.44, while palladium held steady at $1,674.89.

Copyright Mettis Link News

Related News

Gold price in Pakistan falls Rs13,900 per tola

Gold rallies amid fears of prolonged Middle East tensions

Name	Price/Vol	%Chg/NChg
KSE100	159,301.55 197.33M	2.26% 3524.34
ALLSHR	95,037.78 369.80M	2.20% 2043.27
KSE30	49,102.92 79.84M	2.53% 1212.16
KMI30	226,225.38 81.64M	2.82% 6210.31
KMIALLSHR	61,315.98 166.44M	2.35% 1405.27
BKTi	46,547.73 25.67M	2.55% 1159.13
OGTi	31,712.64 11.14M	3.53% 1081.29

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	72,645.00	73,600.00 72,275.00	-800.00 -1.09%
BRENT CRUDE	84.09	84.74 82.13	2.69 3.30%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-17.10 -14.68%
ROTTERDAM COAL MONTHLY	121.50	124.00 121.25	-6.50 -5.08%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	77.51	78.09 75.56	2.85 3.82%
SUGAR #11 WORLD	13.71	14.07 13.70	-0.22 -1.58%