{"id":29924,"date":"2026-03-05T06:59:23","date_gmt":"2026-03-05T06:59:23","guid":{"rendered":"https:\/\/www.vtmarketsglobal.com\/en\/uncategorized\/29924\/"},"modified":"2026-03-05T06:59:23","modified_gmt":"2026-03-05T06:59:23","slug":"driven-by-us-iran-tensions-gold-stays-near-5150-as-safe-haven-interest-builds-ahead-of-jobless-data","status":"publish","type":"post","link":"https:\/\/www.vtmarketsglobal.com\/en\/live-updates\/29924\/","title":{"rendered":"Driven by US\u2013Iran tensions, gold stays near $5,150 as safe-haven interest builds ahead of jobless data"},"content":{"rendered":"Gold traded near $5,145 in early Asian hours on Thursday, holding gains around $5,150. The move followed increased demand linked to the US\u2013Iran conflict, with US weekly Initial Jobless Claims due later and Fed official Michelle Bowman scheduled to speak.\n\nIsrael\u2019s military said it began a new wave of strikes targeting military infrastructure in Tehran, according to the BBC. US officials said the US will start striking \u201cprogressively deeper\u201d into Iran, and Republicans rejected a resolution seeking to require congressional approval for future US military action against Iran.\n\n

Federal Reserve And Data Focus<\/h3>\nUS data showed the ISM Services PMI rose to 56.1 in February from 53.8, above the 53.5 forecast. This may support expectations of higher interest rates for longer, which can lift the US Dollar and pressure dollar-priced commodities.\n\nMarkets largely expect the Fed to keep rates unchanged until the summer. Separately, central banks added 1,136 tonnes of gold worth around $70 billion to reserves in 2022, the highest yearly purchase since records began, according to the World Gold Council.\n\nWe remember how last year, around this time, gold was pushing over $5,100 as the conflict with Iran escalated, creating a strong safe-haven bid. Today, with those direct military tensions having eased, the price has pulled back to around $4,900. The market’s main focus has now shifted from geopolitics to the Federal Reserve’s interest rate path.\n\nThe recent economic data gives us a mixed picture that creates uncertainty. February’s inflation numbers came in slightly hotter than expected at 3.1%, and last month’s jobs report showed a solid gain of 225,000 new payrolls. This strong data gives the Fed justification to keep interest rates higher for longer, which typically weighs on non-yielding gold.\n\n

Derivatives Positioning And Volatility<\/h3>\nFor derivatives traders, this environment suggests implied volatility could rise as we approach the next Fed meeting. The battle between stubborn inflation and the market’s hope for a summer rate cut creates a tense balance, making long straddle or strangle positions attractive to capture a significant price move. Selling covered calls against existing gold positions could also be a viable strategy to generate income if we anticipate the price will remain range-bound in the immediate weeks.\n\nWe must also consider the strong underlying support from central banks, which provides a floor for the price. The World Gold Council recently confirmed that central banks added another 1,050 tonnes to their reserves in 2025, continuing the aggressive buying trend we have seen for years. This persistent demand from official sources helps absorb any major dips caused by short-term sentiment.\n\nThe strong US Dollar, fueled by the current interest rate outlook, remains the primary headwind for gold. Traders should watch the Dollar Index (DXY) closely, as any sign of softening Fed rhetoric could weaken the dollar and trigger a sharp rally in gold. A surprise shift in tone from a Fed official could be the catalyst that breaks gold out of its current trading range.\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 nears $5,145 as US\u2013Iran tensions boost safe-haven demand; strong US data supports higher-for-longer Fed.<\/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-29924","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\/29924","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=29924"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/29924\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/media?parent=29924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/categories?post=29924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/tags?post=29924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}