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

Name	Price/Vol	%Chg/NChg
KSE100	162,994.17 366.14M	-1.71% -2829.70
ALLSHR	97,525.91 833.18M	-1.65% -1634.99
KSE30	49,090.22 171.05M	-2.02% -1011.73
KMI30	234,097.76 141.71M	-1.92% -4583.61
KMIALLSHR	63,284.58 381.76M	-1.79% -1151.00
BKTi	45,458.10 90.77M	-1.53% -707.82
OGTi	33,162.89 14.24M	-2.82% -962.44

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,860.00	77,990.00 76,515.00	1120.00 1.46%
BRENT CRUDE	110.87	112.45 110.33	0.47 0.43%
RICHARDS BAY COAL MONTHLY	113.00	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	109.25	0.00 0.00	-0.20 -0.18%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	103.92	106.65 103.69	-1.15 -1.09%
SUGAR #11 WORLD	14.73	14.77 14.42	0.12 0.82%