MirajMehedi Official

Gold prices held firm with upward momentum today, supported by ongoing safe-haven demand amid geopolitical tensions (U.S.-Iran developments) and robust structural buying, trading around $5,100–$5,120 per ounce in the global spot market.$XAU
Global Spot Price — Spot gold hovered at approximately $5,106–$5,122 per ounce (up ~2%+ in recent sessions from mid-February levels). This follows a volatile period with a January peak near $5,600, now consolidating higher on central bank and institutional flows despite some dollar strength. Key Drivers — Escalating U.S.-Iran nuclear concerns, persistent central bank purchases (re-accelerating in 2026), ETF inflows, and diversification needs amid macro uncertainties. Analysts (e.g., Goldman Sachs, UBS) eye year-end targets of $5,400–$6,200, viewing gold as decoupled from traditional inverse-dollar dynamics. $XAU China Focus — Demand remained supported pre- and post-Lunar New Year holiday influence, with Shanghai gold around CNY 35,200–35,280 per ounce (~CNY 1,134 per gram). Strong ETF inflows, speculative activity, low deposit rates, and "unruly" retail interest fueled buying on dips near key thresholds (e.g., RMB 1,000/gram support). Bar/coin demand outpaced jewellery amid safe-haven shifts. India Focus — Domestic prices rallied, with 24K gold at ~INR 15,900–15,943 per gram (or ~INR 1,59,000–1,59,430 per 10 grams on MCX). Volatility tempered retail/jewellery demand during wedding season (widening discounts), but investment via ETFs stayed solid, offsetting subdued physical buying. Prices mirrored global gains, up significantly in recent days. $XAU

🟢Short-term View — Bullish bias persists with support near $5,000–$5,050 and potential to test $5,200+ on renewed catalysts. Volatility likely as markets digest data and holiday effects fade, but long-term outlook remains positive — driven by sovereign accumulation and layered demand from China and India once retail participation rebounds fully. Monitor geopolitical headlines and upcoming economic releases closely.

Gold prices surged strongly today, driven by renewed safe-haven demand amid escalating geopolitical tensions (notably U.S.-Iran issues) and persistent macro uncertainties, pushing spot gold firmly above $5,100 per ounce.
Global Spot Price — Trading around $5,105–$5,120 per ounce (up ~2.2–2.3% intraday). This follows a rebound from mid-February dips, with fresh momentum testing recent highs after January's peak near $5,600. $XAU Key Drivers — Heightened safe-haven flows from U.S.-Iran nuclear ultimatum, tariff-related chaos, and ongoing central bank buying. Dollar fluctuations provided some offset, but structural support from diversification trends remains robust. China Focus — Strong investment and jewellery demand persisted despite Lunar New Year holidays (ongoing influence). Shanghai gold prices hovered near CNY 35,200–35,280 per ounce (~CNY 1,134 per gram), with ETF inflows and physical buying on dips supporting the rally. Speculative activity and low deposit rates fueled "unruly" retail interest, reinforcing gold's role as an alternative asset. India Focus — Domestic prices rallied sharply, with 24K gold at ~INR 15,900–15,928 per gram (or ~INR 1,59,000–1,59,280 per 10 grams), up significantly in recent sessions. Volatility tempered retail/jewellery demand during wedding season, widening discounts, but investment via ETFs remained solid amid price strength and diversification needs. $XAU

Short-term View — Bullish momentum intact with breakout above $5,100 signaling potential toward $5,200+. Volatility expected post-holidays, but long-term outlook positive due to central bank accumulation, geopolitical risks, and demand from major consumers like China and India. Investors monitor upcoming data and developments closely for directional cues.