Market analysis: Iran situation sends mixed signals, gold prices rise, awaiting US CPI data

LootboxPhobia · 2026-03-11T00:59:16+00:00

On Wednesday Asian morning trading, gold prices rose slightly amid the impact of the US-Israel and Iran conflicts. Investors are focused on the upcoming US inflation data, which may not reflect the war's impact on energy prices. Gold broke through the $5,000-$5,200 trading range, but whether the rally can continue remains to be seen, as the market is concerned about energy-driven inflation intensifying. Other precious metals like silver and platinum also saw gains.

LootboxPhobia

2026-03-11 00:59:16

Abstract generation in progress

Investing.com - On Wednesday morning in Asia, gold prices edged higher as the market interprets mixed signals from the US-Israel and Iran conflicts, focusing on disruptions in the energy market and prospects for an end to the conflict.

Attention is also on upcoming US February consumer inflation data for more clues about the world’s largest economy, although the data is unlikely to reflect the impact of rising energy prices due to the Iran war.

As of 20:32 Eastern Time (00:32 Beijing Time), spot gold rose 0.3% to $5,210.51 per ounce, while gold futures fell 0.5% to $5,216.55 per ounce.

Subscribe to InvestingPro for more key insights on gold

Wednesday’s rally pushed gold through the trading range of $5,000 to $5,200 per ounce established over the past week, but whether this upward momentum can continue remains to be seen.

This precious metal experienced sharp volatility after plunging from a near-record high of around $5,600 per ounce in late January.

Mixed signals from the Iran conflict have also caused significant swings in trading this week. US President Donald Trump said late Monday that the war was nearing an end. However, as of early Wednesday, there were few signs of de-escalation in attacks between the US, Israel, and Iran — marking the twelfth day of ongoing conflict.

Markets worry that rising energy-driven inflation could prompt global central banks to adopt more hawkish policies — a scenario that is bearish for gold. This outlook has limited gold’s overall gains despite its benefit from rapidly increasing safe-haven demand.

Other precious metals gained on Wednesday. Spot silver rose 0.5% to $88.7345 per ounce, and spot platinum increased 0.7% to $2,217.76 per ounce.

This article was translated with the assistance of AI. For more information, please see our Terms of Use.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.