🔥 Spot Gold Breaks $5400 (March 2)

- Time: Around 15:08 on March 2, 2026
- Price: London Gold breaks through $5400/oz, reaching a high of $5419.32, intraday increase of over 2.3%
- Simultaneously: COMEX Gold Futures also surge, reaching a high of $5430.3/oz

📌 Core Drivers (Why the Surge)

1. Geopolitical Safe-Haven: Tensions in the Middle East and escalating US-Iran conflict risks drive funds into gold as a safe haven
2. Inflation Expectations: Rising oil prices boost inflation, reinforcing gold’s anti-inflation properties
3. Capital Inflows: The world’s largest gold ETF (SPDR) continues to increase holdings
4. Strong Start to the Year: In January–February 2026, spot gold has gained a total of 22.23%

📊 Latest Market on March 3 (as of 15:09)

- London Gold: $5317.01/oz, down from the previous high, **-0.53%** intraday
- Domestic Gold Price: Gold T+D at 1181.5 RMB/gram, Shanghai Gold continuous contract at 1182 RMB/gram
- Retail Gold Prices: Chow Tai Fook / Chow Sang Sang at 1652 RMB/gram, Lao Feng Xiang at 1642 RMB/gram

🧾 One Sentence Summary

On March 2, spot gold broke through $5400 for the first time in history, driven by geopolitics, inflation, and capital inflows; on March 3, it pulled back from the high and experienced high-level volatility, still influenced by safe-haven demand and technical factors in the short term.

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