March 2, 2026 Spot Gold Morning Analysis
Last week, spot gold initially fluctuated and then surged sharply. On Friday, driven by the escalation of the US-Israel-Iran conflict, safe-haven funds flooded in, pushing the gold price through the key level of $5,200 and closing above $5,270. The weekly chart closed with a large bullish candle, indicating strong bullish momentum.
Over the weekend, tensions in the Middle East continued to escalate, with increased confrontation between the US, Israel, and Iran. Market risk aversion sentiment is at its peak, which is currently the strongest support for g
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