Gold surges as middle east escalation fuels safe-haven rush

2 Mart 2026

Market comments on behalf of Dat Tong Senior Financial Markets Strategist at Exness

Gold advanced sharply on Monday, reaching its highest level in a month, approaching record territory. Safe-haven demand drove the surge in prices as investors reacted to the flare-up in geopolitical tensions in the Middle East over the weekend. The aggressive rhetoric from the involved parties and disruptions to shipping routes in the Gulf have amplified fears of a broader regional confrontation and a global economic impact, reinforcing gold’s appeal. Beyond the Middle East, persistent instability in Eastern Europe continues to underpin the precious metal.

At the same time, demand from central banks, which have maintained steady accumulation, remains elevated. Looking ahead, gold’s trajectory will remain tightly linked to geopolitical developments. Further escalation could accelerate upside momentum toward fresh historic highs. Additionally, US economic data could influence the asset’s performance as monetary policy expectations continue to change. Gold could find additional support if new economic data come up softer than expected.

 

Zaid Barem / ymm