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Gold prices rise amid conflict in Middle East
Energy
- 05 March, 2026
- 09:47
Gold prices rose during Asian trading on Thursday, as escalating tensions in the Middle East prompted investors to seek safe havens, while a weaker US dollar provided additional support for the precious metal, Report informs referring to trading data.
Spot gold rose 0.8% to $5,179.60 per ounce. US gold futures fell 0.3% to $5,188.29.
Gold gained 1% in the previous session. The recovery followed a nearly 5% decline on Tuesday, when a stronger dollar weighed on prices.
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