Energy news

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Gold’s (XAU/USD) $5000 Retest: Rate cut fears and dollar surge lead to 5% selloff

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

The War-Petrodollar trade extends – Oil jumps, Dollar to 2026 highs

US Dollar (DXY) Analysis & Dollar Update: Global Stock Markets fall between 2 and 7 percent as the Iran conflict intensifies. Brent trades around $83 while WTI moves toward its June peak. A potential dollar shortage looms as fuel prices explode, increasing dollar demand for importers. Diving into DXY technical levels.

03-03-2026 15:47 GMT by Elior Manier