Gold Surges as Safe-Haven Demand Intensifies; Analysts Eye $5,400 Target for March

​NEW YORK/LONDON: As we move into March 2026, the international gold market is witnessing a significant bullish momentum. After crossing the psychological barrier of $5,270 per ounce in late February, market analysts predict that the precious metal is positioned for further gains over the next 30 days.

​Key Drivers:

• ​Geopolitical Instability: Escalating tensions in the Middle East and stalled nuclear negotiations have sent investors flocking toward gold as a "safe-haven" asset to protect their capital from global volatility.
• ​Trade Policy Shifts: Recent announcements regarding a potential 10% global tariff by the U.S. administration have weakened the long-term outlook for fiat currencies, making gold a more attractive store of value.
• ​Persistent Inflation: With January and February’s Producer Price Index (PPI) coming in higher than expected, the fear of "sticky inflation" is encouraging institutional investors to hedge their portfolios with bullion.

​Market Outlook for March:

Technical indicators show gold trading within a strong ascending channel. If the price successfully breaks and holds above the $5,320 resistance level, experts believe the metal could test $5,450 to $5,600 by mid-March. However, a crucial support level remains at $5,050, which traders are watching closely.

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