ETO Markets Global Pulse: Gold Falls 1.2% as Dollar Strength Caps Rally

Market Review

According to ETO Markets monitoring, on March 5 (Thursday) spot gold reversed lower amid a stronger U.S. dollar and rising Treasury yields. Prices briefly climbed to an intraday high of USD 5,194.59/oz before retreating sharply, closing down 1.2% at USD 5,080.88/oz.

During Asian trading on March 6 (Friday), spot gold edged slightly higher and was trading near USD 5,095/oz.

Global Headlines

Trump Signals Role in Iran Leadership Transition

Former President Trump stated that the United States should participate in shaping Iran‘s next Supreme Leader and expressed opposition to the succession of Khamenei’s son. He warned that if the new leadership maintains current policies, further confrontation with Iran could occur in the coming years.

Iran Says Prepared for Potential U.S. Ground Invasion

Irans foreign minister said Tehran has not requested a ceasefire and is prepared to confront a potential U.S. ground invasion. The remarks highlight the continued risk of escalation in the regional conflict.

U.S. Plans Strategic Stockpile of Critical Minerals

The U.S. Department of Defense is seeking supply information for strategic reserves of key minerals including lithium, nickel, tin, chromium, and tellurium. The plan is viewed as part of broader efforts to secure critical resource supply chains.

CME Lowers Gold and Silver Futures Margin Requirements

CME announced that COMEX gold futures margin requirements will be reduced from 9% to 7%, while silver margins will be lowered from 18% to 14%. The new standards will take effect after the March 6 market close.

ETO Markets Analyst View (Spot Gold)

From a technical perspective, USD 5,140 stands as the key near-term resistance. As long as prices remain below this level, downside risk persists with potential tests of USD 4,995 and USD 4,945. A move back above USD 5,140 would reopen room toward USD 5,195 and USD 5,225.

RSI indicates that short-term momentum remains relatively weak. If the USD 5,140 resistance continues to hold, the risk of a pullback toward USD 4,995 remains elevated. Gold is currently trading between opposing forces — geopolitical risk, dollar strength, and shifting rate expectations — keeping volatility elevated. Investors should closely monitor key levels and carefully manage trading rhythm and risk exposure.

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