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CommoditiesMedium•4 March 2026•

1 min read

Spot Gold Hits $5,150/oz as US Services Sector Shows Strong Expansion

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Key Facts

1Spot gold reached $5,150/oz in March 2026.

2The ISM Services PMI improved to 56.1 in February.

Spot gold prices reached a significant milestone of $5,150 per ounce in March 2026, following the release of the latest US economic data. The Institute for Supply Management (ISM) reported that the Services PMI improved to 56.1 in February, indicating robust growth in the sector. This stronger-than-expected performance in the services industry has direct implications for inflation expectations and future Federal Reserve policy decisions. While a high PMI reading typically strengthens the US Dollar (DXY), the surge in gold prices suggests a substantial long-term inflationary or geopolitical premium. Market participants are closely analyzing the interplay between positive economic indicators and the record-breaking valuation of the precious metal. The current market sentiment remains mixed as investors weigh the strength of the US economy against the safe-haven appeal of gold at these elevated levels.