ETO Markets Global Pulse: Gold Rebounds Toward 5200 as War Fears Ease

Market Review

According to ETO Markets monitoring, on March 10 (Tuesday) spot gold rebounded sharply after former President Trump signaled that the conflict with Iran could end soon. International oil prices briefly fell below USD 80, easing inflation expectations and prompting markets to reassess the rate path. Spot gold rose more than 1% to close at USD 5,179.67/oz, while April U.S. gold futures jumped 2.7% to settle at USD 5,242.10/oz.

During Asian trading on March 11 (Wednesday), spot gold moved within a narrow range and was trading near USD 5,190/oz.

Global Headlines

Trump Says Military Operation “Very Successful”

Trump stated that U.S. military operations against Iran had been “very successful,” claiming Irans navy, air force, and air-defense systems had suffered severe damage. He added that the goal is to ensure Iran cannot develop weapons capable of threatening the United States and its allies for a very long time.

White House Says Operations Will Continue

The White House press secretary said the U.S. military campaign against Iran is progressing faster than expected and will continue until the president determines that all strategic objectives have been achieved.

Iran Signals Continued Defense but Leaves Door to Talks

Irans vice president stated that the country will continue defending its territory while remaining open to diplomatic solutions. However, the Iranian parliament speaker said Tehran will not seek a ceasefire and will continue responding to military strikes.

Iran Reportedly Deploys Mines in the Strait of Hormuz

U.S. intelligence sources indicated that Iran has begun deploying naval mines in the Strait of Hormuz. While the scale remains limited, Iran retains significant mine-laying capability and could expand operations if tensions escalate.

Warsh Fed Chair Confirmation Process Begins

U.S. Senator Thom Tillis said he agreed to initiate the confirmation process for Kevin Warsh as the next Federal Reserve Chair. The nomination may remain under review in the Senate committee stage for some time.

ETO Markets Analyst View (Spot Gold)

Technically, USD 5,160 stands as the key near-term support. Holding above this level keeps the short-term bias constructive, with upside targets at USD 5,235 and USD 5,255. A break below USD 5,160 would expose downside risk toward USD 5,125 and USD 5,090.

RSI has just moved back into the neutral 50 zone and shows signs of turning higher, suggesting improving momentum. Gold continues to trade between shifting geopolitical signals, dollar movements, and evolving rate expectations. With volatility still elevated, investors should carefully manage trading rhythm and risk exposure.

Disclaimer

The information contained herein is for general reference only and does not constitute investment advice, a solicitation, or an offer to buy or sell any financial products.

ETO Markets does not guarantee the accuracy, completeness, or timeliness of the information and shall not be liable for any losses incurred from reliance on such content.