{"id":29763,"date":"2026-03-04T03:54:31","date_gmt":"2026-03-04T03:54:31","guid":{"rendered":"https:\/\/www.vtmarketsglobal.com\/en\/uncategorized\/29763\/"},"modified":"2026-03-04T03:54:31","modified_gmt":"2026-03-04T03:54:31","slug":"commerzbanks-thu-lan-nguyen-says-gold-jumped-above-5400-then-reversed-amid-rate-repricing-to-fridays-levels","status":"publish","type":"post","link":"https:\/\/www.vtmarketsglobal.com\/en\/live-updates\/29763\/","title":{"rendered":"Commerzbank\u2019s Thu Lan Nguyen says gold jumped above $5,400, then reversed amid rate repricing to Friday\u2019s levels"},"content":{"rendered":"Gold rose to just over USD 5,400 per troy ounce, beating the USD (against the EUR) and US government bonds, before falling back. It is now around Friday\u2019s level.\n\nThe move lower was linked to markets paying more attention to inflation risks tied to the war in the Middle East and higher oil prices. This has reduced expectations for interest rate cuts.\n\n

Inflation Risks Drive The Reversal<\/h3>\nThe same shift in rate expectations was linked to further gains in the US dollar. Gold\u2019s next direction was tied to how central banks assess inflation risks and policy timing.\n\nIf central banks choose to hold rates steady while monitoring the inflation effect of higher oil prices, that scenario was described as supportive for gold. The article notes it was produced with the help of an AI tool and reviewed by an editor.\n\nThe brief surge in gold to over $5,400 an ounce has quickly faded, showing that the market is more worried about inflation than seeking a safe haven. This is because the conflict in the Middle East is pushing oil prices higher, and traders are betting that central banks will have to keep interest rates high to fight it. We now see the US dollar gaining strength as a result of these revised rate expectations.\n\nThis shift in focus is understandable, especially with Brent crude futures now holding above $125 a barrel. These energy prices are feeding directly into inflation, and we saw in the latest report that the Consumer Price Index for February 2026 ticked back up to an annualized 4.1%. This reverses the more comfortable disinflationary trend we were seeing at the end of last year.\n\n

Options Markets Price In Uncertainty<\/h3>\nFor derivative traders, this creates a complex environment over the coming weeks. The failed breakout suggests strong resistance near the recent highs, making it risky to buy call options at these levels. The immediate pressure appears to be sideways or down as long as the market fears higher interest rates more than the geopolitical risk itself.\n\nThe key factor will be how central banks communicate their plans. If they signal a “wait and see” approach to the new oil-driven inflation, gold could find support again. This uncertainty is keeping implied volatility in gold options elevated, which presents opportunities for premium sellers, but with significant risk.\n\nWe remember how gold reacted during the inflationary waves of 2025, where performance was choppy despite the clear upward pressure on prices. This historical context suggests that simply buying futures and hoping for the best may be a frustrating strategy. Instead, looking at options to define risk, such as bull put spreads, could be a more prudent way to express a cautiously positive view.\n\nTherefore, the market\u2019s direction in the next few weeks depends heavily on upcoming central bank meetings and speeches. Any indication that they are more concerned with economic slowing than this new inflation spike would be very positive for gold. Traders should watch these events closely for the next signal on gold’s direction.\n\nCreate your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b>\n

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Start trading now – Click here<\/a> to create your real VT Markets account <\/strong> <\/p>\r\n","protected":false},"excerpt":{"rendered":"

Gold surged above $5,400 before retreating as inflation fears, rising oil, and delayed rate-cut hopes boosted dollar.<\/p>\n","protected":false},"author":38,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46],"tags":[],"class_list":["post-29763","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"josephine","author_link":"https:\/\/www.vtmarketsglobal.com\/en\/author\/josephine\/"},"_links":{"self":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/29763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/comments?post=29763"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/29763\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/media?parent=29763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/categories?post=29763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/tags?post=29763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}