Analyst: Risk aversion hedges against high interest rate pressure, gold prices fluctuate and rise

GateNews

2026-03-05 12:17:50

Odaily Planet Daily reports that due to the ongoing Middle East conflict increasing demand for safe-haven assets, gold prices are rising and approaching the $5,200 per ounce level. New York gold futures rose 0.8% to $5,175.20 per ounce. An analyst at ING Group stated, “The inflation impact caused by the sharp rise in energy prices due to the Middle East conflict may reinforce market expectations that interest rates will stay high for a longer period. This is a bearish factor for non-yielding assets like gold. However, elevated geopolitical uncertainty continues to support risk premiums, and despite a challenging interest rate environment, it helps to solidify the price floor.” (Jin10)

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