{"id":44707,"date":"2026-02-04T10:09:05","date_gmt":"2026-02-04T02:09:05","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=40860"},"modified":"2026-02-04T10:09:05","modified_gmt":"2026-02-04T02:09:05","slug":"gold-rebounds-as-middle-east-risk-rises","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/analysis\/gold-rebounds-as-middle-east-risk-rises\/","title":{"rendered":"Gold Rebounds as Middle East Risk Rises"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/gold9-1024x559.png\" alt=\"\" class=\"wp-image-16982\"\/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Spot gold rose <strong>2.1%<\/strong> to <strong>$5,051.59 per ounce<\/strong>, reversing earlier declines.<\/li>\n\n\n\n<li>Prices remain supported by geopolitical risk, rising debt burdens, and US policy uncertainty.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<p>Gold prices rebounded strongly on Tuesday, reversing earlier losses as renewed geopolitical tensions in the Middle East restored demand for safe-haven assets.<\/p>\n\n\n\n<p>The move reflected a swift shift in sentiment after fresh security incidents underscored the fragility of the regional backdrop.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Gold steadied, after recovering some losses when dip buyers stepped in following an abrupt retreat from record highs <a href=\"https:\/\/t.co\/fFY2BRDyJ6\">https:\/\/t.co\/fFY2BRDyJ6<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/2018830486752067886?ref_src=twsrc%5Etfw\">February 3, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Spot gold climbed <strong>2.1%<\/strong> to <strong>$5,051.59 per ounce<\/strong>, recovering above the psychologically important <strong>$5,000<\/strong> level after briefly trading lower earlier in the session.<\/p>\n\n\n\n<p>The rebound followed reports that the United States shot down an Iranian drone targeting the aircraft carrier <strong>USS Abraham Lincoln<\/strong>, while a US-flagged vessel narrowly avoided being forced to stop by armed Iranian gunboats.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">A vessel was hailed by smaller armed ships in the Strait of Hormuz, a UK naval group said, with heightened focus on the vital waterway amid tensions between the US and Iran <a href=\"https:\/\/t.co\/qsFMepW5C7\">https:\/\/t.co\/qsFMepW5C7<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/2018662035496534367?ref_src=twsrc%5Etfw\">February 3, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>A cautious forecast suggests that as long as tensions in the region remain elevated, downside in gold may stay limited despite recent volatility.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Macro Drivers Continue to Favour Bullion<\/h2>\n\n\n\n<p>Beyond geopolitics, broader macroeconomic forces continue to support gold. Elevated global debt levels and uncertainty around US fiscal and monetary policy have encouraged traders to maintain exposure to hard assets as a <a href=\"https:\/\/t.co\/2ye3lyl9Kx\" target=\"_blank\" rel=\"noopener\" title=\"\">hedge against instability<\/a>.<\/p>\n\n\n\n<p>Although recent sessions have seen sharp pullbacks followed by equally rapid rebounds, the overall price structure suggests continued interest rather than wholesale liquidation.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Spot gold may see more wild swings as investors assess what Kevin Warsh&#39;s appointment could mean for the Fed \u2014 and whether they need to keep moving money out of the dollar, Mikhail Zverev of Amati Global Investors told <a href=\"https:\/\/twitter.com\/Reuters?ref_src=twsrc%5Etfw\">@Reuters<\/a> <a href=\"https:\/\/t.co\/xDvT4KbfeH\">pic.twitter.com\/xDvT4KbfeH<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/2018658224875151545?ref_src=twsrc%5Etfw\">February 3, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Demand linked to diversification rather than short-term speculation has played a growing role in supporting prices.<\/p>\n\n\n\n<p>A cautious near-term view points to further consolidation above <strong>$5,000<\/strong>, provided geopolitical headlines remain supportive and the dollar does not stage a sustained recovery.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p><strong>XAUUSD<\/strong> jumped sharply to <strong>5027.10<\/strong>, posting a <strong>+1.63%<\/strong> gain with a high of <strong>5053.47<\/strong>, as bullish momentum broke past the previous range top of <strong>4939.81<\/strong>.<\/p>\n\n\n\n<p>The 1-minute chart shows a strong uptrend, confirmed by the tight alignment of short-term MAs (MA5\u2013MA30), before a slight pullback set in.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/image-2-1024x474.jpg\" alt=\"\" class=\"wp-image-40861\"\/><\/figure>\n\n\n\n<p>Despite the minor retracement, price remains well-supported above the <strong>5027\u20135030<\/strong> MA cluster zone. The volume surge preceding the high suggests strong buyer conviction, though the waning volume and minor dip below MA10 indicate caution in the near term.<\/p>\n\n\n\n<p>If bulls defend this level, a retest of <strong>5053.47<\/strong> and push toward <strong>5062.91<\/strong> is possible. A break below <strong>5025<\/strong> could open room toward <strong>4995.75<\/strong> for a deeper correction.<\/p>\n\n\n\n<p><strong>Learn more about trading <a href=\"https:\/\/www.vtmarkets.com\/precious-metals\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Precious Metals<\/a> on VT Markets <a href=\"https:\/\/www.vtmarkets.com\/Insights\/\" target=\"_blank\" rel=\"noopener\" title=\"\">here<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold rebounds above $5,000 as Middle East tensions revive defensive demand and offset earlier losses. | VT Markets<\/p>\n","protected":false},"author":64,"featured_media":16982,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[6,13],"class_list":["post-44707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-gold","tag-precious-metals"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/44707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=44707"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/44707\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/16982"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=44707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=44707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=44707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}