The post Gold edges higher to near $5,150 on safe-haven demand appeared on BitcoinEthereumNews.com.

Gold price (XAU/USD) trades with mild gains near $5,140 during the early Asian session on Tuesday. Persistent geopolitical risks in the Middle East provide some support to the precious metal despite recent selling pressure.  US President Donald Trump signaled that the Iran war will end soon as the Middle East war has entered its 11th day. However, the Strait of Hormuz remains effectively closed, which has led to major producers in the Persian Gulf, including Saudi Arabia, curtailing output. Uncertainty and fears of a prolonged conflict continue to boost a safe-haven asset such as the yellow metal in the near term.  On the other hand, the war in the Middle East stoked fears of inflation rising in the US, which increases the likelihood of the US Federal Reserve (Fed) keeping interest rates higher for longer.  Higher borrowing costs are typically negative for the non-yielding Gold price. The Fed is expected to hold rates steady at its upcoming meeting on March 17-18. Many economists anticipate the next rate cut will not occur until June or July 2026. Traders will closely monitor the US Consumer Price Index (CPI) inflation data for February, which is due later on Wednesday. The headline CPI is expected to show an increase of 2.4% YoY in February, while the core CPI is projected to show a rise of 2.5% during the same period. Any signs of hotter inflation in the US could lift the US Dollar (USD) and weigh on the USD-denominated commodity price.  Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment…

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Filed under: News - @ March 9, 2026 11:26 pm