#贵金原油价格飙升 Breaking! Gold, Silver, and Crude Oil Surge Collectively as Middle East Tensions Ignite Global Markets

On the morning of March 2nd, global commodities opened with a sharp rally: spot gold approached $5380 per ounce, up nearly 2%; spot silver surpassed $95 per ounce, rising over 2%; Brent crude oil gapped higher, with gains reaching up to 13%.
After the weekend attack on Iran, risk aversion sentiment fully ignited the market. As a core safe-haven asset, gold previously rose during the dark trading session on February 28 and plunged on March 1. Today’s opening saw a strong rebound, drawing high market attention.
1. Precious Metals: Safe-Haven Driven, Institutional Outlook Bullish
Ongoing geopolitical tensions continue to support precious metals, with an unbroken upward trend since the beginning of the year. Gold and silver both closed higher on February 27.
• Geojit Investments stated that escalating geopolitical risks could trigger a surge in precious metal buying, with NYMEX silver potentially returning above $100/oz, and in extreme cases, gold prices could hit $6000, depending on how the conflict evolves.
• CCB Futures pointed out that joint US-Israel attacks have boosted safe-haven demand. Coupled with Federal Reserve easing expectations and global economic pressures, precious metals are expected to continue their upward trend since September 2025.
• CITIC Securities reviewed eight conflicts in the Middle East: gold outperforms the dollar, oil prices are driven by supply and demand in the long term, and US stocks are affected by the war situation but have no significant impact on Chinese assets.
Institutional Reminder: Geopolitical market movements are short-lived and highly volatile. It is recommended to maintain a slightly bullish position, hedge long positions to seize opportunities, and reduce positions on short positions.
2. Crude Oil: Supply Concerns Maxed Out, Minimal Resistance to Upside
Iran, as the third-largest OPEC oil producer, faces turmoil that directly impacts global energy supply.
Analysts say that if flow disruptions through the Strait of Hormuz exceed 70%, the market will trade a supply vacuum; the US is not releasing strategic petroleum reserves for now, so upward resistance for oil prices is minimal.
3. Latest Developments
On March 1st local time, Israel announced that military strikes would intensify in the coming days, with 100,000 reservists mobilized; Trump stated that military operations could last four weeks, and the US military has destroyed Iran’s Revolutionary Guard headquarters and sunk nine ships. The situation continues to escalate rapidly.
Risk Warning: Market volatility is increasing, and geopolitical situations are changing rapidly. Investors should strictly control risks.