Gold prices surged 2% on Monday, March 3, 2026, as escalating global events fueled concerns about broader geopolitical and economic instability, prompting investors to seek safe-haven assets.
Spot gold increased by 2% to $5,384.41 per ounce, after reaching a peak of $5,594.82 on January 29, 2026. U.S. Gold futures rose 2.9% to $5,397.40. The gains reflect a broader trend of investors prioritizing security amid heightened uncertainty.
“We are seeing a rally in safe-haven assets, which is reflected in the gains in gold, and losses in risk-associated assets like stocks,” said Ricardo Evangelista, analyst at “Active Trades.”
Gold has experienced gains this year due to increasing global political unrest and economic uncertainties. This builds on a strong 2025, during which gold saw a 64% increase, driven by robust purchases from central banks, significant inflows into exchange-traded funds, and expectations of easing U.S. Monetary policy.
Carsten Menke, an analyst at “Julius Baer,” noted, “The situation remains highly uncertain, fueling the rise of gold and silver, which supports prices and provides stability to investment portfolios amid sharp fluctuations in financial markets.”
Other precious metals also saw movement. Silver rose 1.7% to $95.36 per ounce in spot trading, following monthly gains in February 2026, and earlier in the session reached a one-month high. Platinum decreased 0.7% to $2,348.65, while palladium increased 0.8% to $1,806.96.
تابعوا آخر أخبارنا المحلية والرياضية وآخر المستجدات السياسية والإقتصادية عبر Google news
