The post Safe-haven bid seen on dips – OCBC appeared on BitcoinEthereumNews.com.

OCBC strategists Sim Moh Siong and Christopher Wong attribute Gold’s pullback toward USD5015/oz to liquidity needs and profit‑taking rather than weaker fundamentals. The bank highlights that geopolitical stress can force investors to sell Gold for cash, but lingering uncertainty typically supports safe‑haven demand on dips. OCBC sees two‑way trade with clearly defined support and resistance levels. Liquidity selling then haven demand “Gold’s pullback to USD5015/oz in early trade yesterday despite escalating geopolitical tensions likely reflects liquidity dynamics rather than a change in fundamentals.” “The sharp spike in oil prices toward USD110/bbl has also raised concerns about inflation and delayed Fed easing, in part strengthening the USD and prompting some profit-taking in gold.” “In periods of geopolitically driven market stress, investors sometimes sell assets such as gold to raise cash.” “Once that phase passes, geopolitical uncertainty typically continues to underpin demand for safe havens on dips.” “Gold has partially retraced earlier losses as broader risk sentiment recovers as oil prices eased from multi-month highs.” “Support at USD5096/oz (21 DMA), USD5010/oz levels. Resistance at USD5200/oz, USD5260/oz levels.” (This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.) Source: https://www.fxstreet.com/news/gold-safe-haven-bid-seen-on-dips-ocbc-202603100726

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Filed under: News - @ March 10, 2026 8:26 am