ETO Markets Global Pulse: Gold Rebounds After Sharp Drop as Iran Tensions Rise

Market Review

According to ETO Markets monitoring, on March 4 (Wednesday) spot gold staged a technical rebound as geopolitical risks in the Middle East continued to escalate. Prices stabilized near USD 5,140/oz, gaining close to 1% on the day as markets gradually recovered from the previous sessions sharp sell-off.

During Asian trading on March 5 (Thursday), spot gold edged slightly higher and traded around USD 5,150/oz.

Global Headlines

U.S. Senate Fails to Block Military Action on Iran

The U.S. Senate rejected a resolution seeking to limit presidential war powers by a vote of 52–47. The proposal aimed to halt airstrikes on Iran and require congressional approval for future military operations.

Iran Activates Long-Term War Preparedness Plan

Iran has launched an emergency governance framework designed to prepare for a prolonged conflict. The plan focuses on maintaining essential goods supply, sustaining production capacity, and stabilizing national infrastructure.

Iran Identifies Candidates for Supreme Leader

Iran has reportedly finalized a list of candidates for the next Supreme Leader. Israeli officials indicated that whoever assumes the role could become a future military target.

U.S. Plans Shipping Insurance to Stabilize Energy Flows

U.S. Treasury Secretary Bessent stated that Washington intends to provide insurance for shipping through the Persian Gulf to stabilize energy transportation. A global 15% tariff policy may also be implemented later this week.

Trump Nominates Kevin Warsh as Federal Reserve Chair

Former President Trump formally nominated Kevin Warsh to replace Jerome Powell as Federal Reserve Chair. The nomination has been submitted to the U.S. Senate for confirmation.

ETO Markets Analyst View (Spot Gold)

USD 5,085 now serves as the key pivot. Holding above this level keeps the short-term structure constructive, with upside targets at USD 5,195 and USD 5,225. A break below USD 5,085 would increase the probability of a pullback toward USD 5,050 and USD 4,995.

RSI is trending higher, suggesting momentum is recovering. Geopolitical tensions and energy supply risks remain the dominant drivers in current market pricing. With volatility elevated, investors should closely monitor key levels and carefully manage trading rhythm and risk exposure.

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