Gold's (XAU/USD) 5% plunge is a surprise given Middle East escalation. The selloff is driven by rising oil prices sparking inflation fears, leading to fewer expected Fed rate cuts (now 46bps), a surging US Dollar (DXY at 6-week highs), and profit-taking. Includes a technical outlook with $5000/oz key support retest having taken place.
03-03-2026 16:12 GMT
by Zain Vawda