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CommoditiesMediumUpdated•Originally published 2 March 2026•Updated 3 March 2026•

1 min read

Gold Extends Gains in Asian Trading Amid Middle East Tensions; Silver Remains Under Pressure

World map with commodities like oil, gold, coffee, wheat, and metals, overlaid with an upward green arrow and financial charts.

Key Facts

1Gold prices rose to a one-month high driven by the conflict in the Middle East.

3 months ago

Version History

Version 13 months ago

What changed: Gold prices maintained their upward momentum into the early Asian trading session, confirming the continuation of the safe-haven bid.

Gold prices edged higher during the early morning Asian trading session, extending their climb to a one-month high as geopolitical tensions in the Middle East continue to drive safe-haven demand. The ongoing conflict has sparked a flight to safety, significantly boosting the XAU/USD pair amid regional instability. In contrast, silver prices faced a sharp decline of nearly 5%, trading below the $90 per ounce mark. Analysts note that while gold remains the preferred hedge against risk, industrial-linked metals like silver are being weighed down by shifting sentiment and demand concerns. This divergence underscores the complex reaction of the commodities market to the current regional crisis. Investors remain focused on geopolitical developments to determine the next trajectory for precious metals and global commodity benchmarks.