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Gold Prices Rise in Thursday Morning Trading (March 5, 2026)
Gold prices extended their gains in Thursday morning trading (March 5, 2026), supported by renewed buying interest amid ongoing geopolitical uncertainty.
As of 07:47 a.m. WIB, gold futures for April 2026 delivery on the Commodity Exchange were trading at US$5,182.30 per troy ounce, up 0.93% from the previous close of US$5,134.70 per troy ounce.
Gold Rebounds After Brief Correction
Gold resumed its upward momentum after a short correction, as buyers took advantage of lower price levels to re-enter the market. Persistent geopolitical tensions in the Middle East continue to strengthen demand for safe-haven assets.
According to Bloomberg, gold prices have climbed approximately 20% year-to-date, reaching an all-time high above US$5,595 per troy ounce at the end of January.
Geopolitical Tensions and Fed Concerns Support Gold
Strong demand driven by geopolitical risks and concerns over the independence of the Federal Reserve has played a significant role in pushing gold prices higher.
Peter Kinsella, Global Head of FX Strategy at UBP SA, stated that the recent sharp pullback, combined with bullish positioning from hedge funds and investment managers, should help limit further downside risks.
“I think we will definitely see a recovery in gold prices,” Kinsella told Bloomberg.
He added that the long-term drivers supporting gold remain firmly intact.