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Gold prices rose for a fifth consecutive session

Gulf Today

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March 04, 2026

Gold prices rose for a fifth consecutive session on Tuesday as investors sought safe-haven assets amid an escalating US and Israeli air war against Iran, raising fears the conflict could spiral into a protracted regional war and deepen uncertainty.

Spot gold was up 0.7% at $5,362.90 per ounce, as of 0452 GMT. In the previous session, bullion climbed to its highest point in more than four weeks after the US and Israel launched strikes on Iran over the weekend.

US gold futures for April delivery were up 1.2% at $5,376.50.

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