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Gold breaks above $5200 per ounce as safe haven demand offers strong support
04-Mar-26   17:27 Hrs IST
COMEX Gold futures soared today as safe haven buying stayed in place after the US and Israel launched joint attacks on Iran. Gold had lost around 3.50% yesterday in volatile trades, testing around two-week low but moved up impressively today. The metal had dropped amid a sharp upswing in the US dollar in last session but seems to have come back to winning ways, largely holding onto the 10% surge in Feb-25. Crude oil prices are near eight-month high, offering a strong boost for Gold. The yellow metal trades up 1.60% at $5206 per ounce.

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