[MARKET UPDATE] Gold rises back above USD 5,400/oz after initially finding resistance at the level, with upside fuelled by geopolitics

The rise in gold prices above USD 5,400/oz highlights the market's reaction to geopolitical tensions, which often lead to increased demand for safe-haven assets.

Newsquawk StaffPublished 2 Mar 2026, 08:19 UTCOn the live feed at 07:59 UTC — 11 more headlines followed before this page went public

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08:04

European Movers: BP (BP/ LN) +5.3%, Rheinmetall (RHM GY) +5.2%, Roche (ROG SW) -1.3%, Smith & Nephew (SN/ LN) -1.6%, Renault (RNO FP) -4.1%, Barclays (BARC LN) -4.3%, Lufthansa (LHA GY) -10.5%

08:02

Goldman Sachs says the Hormuz disruption could add USD 18/bbl of oil risk premium, and it flags natgas upside and defensive tilt

07:59

[MARKET UPDATE] Gold rises back above USD 5,400/oz after initially finding resistance at the level, with upside fuelled by geopolitics

07:58

JPMorgan tells clients to use geopolitical weakness to add, as fundamentals are constructive

07:57

Iran's Ahwaz oil refinery has reportedly been struck in a suspected US airstrike

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Context

The initial resistance at this level suggests significant trading interest, indicating that sustained geopolitical concerns could drive prices higher and attract further investment into gold as a hedge against uncertainty.

All markets · last 90 days

Recent headlines that moved markets

ENERGY/3 Sept · 08:03 UTC

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement.

with Brent Nov, after we published−1.3%

Energy prices fell following Russian President Putin's more conciliatory comments.

EQUITIES/3 Sept · 04:54 UTC

North Korea stripped references to "peaceful unification" with South Korea from the charter of its ruling Workers' Party of Korea, according to Yonhap.

Equity indices, after we published−3.3%

EQUITIES/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

ES, after we published−0.2%

ENERGY/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

- Brent (V6), after we published+1.2%

METALS/1 Sept · 08:06 UTC

Two oil supertankers were reportedly hit by projectiles in the Strait of Hormuz, reports citing Marisks suggest (details light)

Spot Gold, after we published−1.0%

FX/28 Aug · 14:00 UTC

Fed Chair Warsh says Fed has more work to do unless confident underlying inflation is moving towards 2% objective

DXY, after we published+0.5%

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