ETO Markets Global Pulse: Gold Rebounds Above 5150 as Trump Signals Conflict Near End

Market Review

According to ETO Markets monitoring, on March 9 (Monday) global oil prices surged nearly 30% amid escalating Middle East tensions, yet gold failed to sustain its safe-haven rally and instead retreated from recent highs. Spot gold dropped nearly 3% intraday before trimming losses, ultimately closing at USD 5,136/oz, down about 0.67% on the day. U.S. gold futures declined 1.1% to around USD 5,103.70/oz.

During Asian trading on March 10 (Tuesday), spot gold rebounded modestly and traded near USD 5,150/oz. Mondays pullback was largely driven by a stronger U.S. dollar and rising expectations for higher interest rates.

Global Headlines

Trump Says War May End Soon

Former President Trump said in a phone interview that the Middle East conflict could end soon, adding that Iran‘s military structure had been significantly weakened. He also noted that he already has a candidate in mind to replace Iran’s leadership but did not disclose further details.

EU Ready to Deploy Strategic Oil Reserves

Eurogroup officials stated they are closely monitoring the impact of Middle East tensions on energy markets and are prepared to release strategic oil reserves if necessary to stabilize supply and market expectations.

Iran Warns Hormuz Security Unlikely to Recover

Irans Supreme National Security Council secretary warned that as long as U.S. and Israeli military operations continue, security in the Strait of Hormuz cannot be restored, cautioning that shipping routes remain exposed to conflict risks.

U.S. Inflation Data in Focus

Markets are closely watching the upcoming release of U.S. February CPI and PCE inflation data. Persistently strong inflation could reinforce expectations that higher interest rates will remain in place for longer, potentially weighing on gold prices.

ETO Markets Analyst View (Spot Gold)

From a technical perspective, USD 5,090 stands as the key near-term support level. As long as prices hold above this level, further rebound potential remains toward USD 5,175 and USD 5,225. A break below USD 5,090 could expose downside risk toward USD 5,060 and USD 5,025.

RSI indicates improving short-term momentum, with price structure reflecting a stabilization phase after recent volatility. Gold continues to trade between competing forces — geopolitical developments, U.S. dollar strength, and inflation expectations — keeping volatility elevated. Investors should carefully assess trading rhythm and risk exposure.

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