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Commodity News Details
Gold reclaims $5000 amid rising geopolitical tensions
17-Mar-2026 14:47
Gold futures rebounded above the $5000 mark after three sessions of losses, supported by rising geopolitical tensions and renewed safe-haven demand. Escalating conflict in the Middle East, including threats to Iran's oil infrastructure, has kept energy prices elevated and inflation concerns intact. However, gains remained limited as strength in the US Dollar Index and fading expectations of rate cuts weighed on sentiment. Central banks, including the Federal Reserve, are widely expected to hold rates steady amid persistent uncertainty. Domestically, MCX April gold futures rose 0.5% to ₹1,56,607 per 10 grams, tracking cautious global optimism.

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