Gold Futures Edge Higher as Markets Search for Direction Amid the Iran War
Gold futures finished the session slightly higher, snapping a multi-session decline. The front-month March contract gained $7, or 0.14%, settling at $5,001.00 per troy ounce.
The modest uptick reflects a market still weighing two powerful forces. On one side, safe-haven demand remains supported as the U.S.–Israel war with Iran shows no clear signs of easing. On the other, renewed concerns about energy-driven inflation are limiting expectations for faster monetary easing, keeping the rate outlook from turning decisively supportive for non-yielding bullion. Reuters noted spot gold was hovering around $5,004/oz the same day as investors waited for fresh direction from the Federal Reserve.
On the geopolitical front, the conflict—now moving into its third week—continues to sustain a high risk premium and fuel volatility across energy markets. Reuters reported that broader tensions are still disrupting the energy landscape and keeping inflation concerns in focus, a backdrop that could cap gold’s upside if the dollar and U.S. Treasury yields strengthen again.
From a positioning perspective, the small rebound in COMEX settlement is being read as a “stabilization attempt” after several days of selling pressure. While prices managed to reclaim the key psychological $5,000 level, the move lacked strong follow-through—suggesting traders are not fully aligned and are still waiting for the next catalyst from central-bank guidance and war-related headlines.
Source: Newsmaker.id
