Key Insights:
- Gold held above $5,406 support as geopolitical fears drove strong safe-haven demand across global markets this week.
- Silver advanced toward $97 resistance while oil spiked on Strait of Hormuz supply disruption concerns.
- Bitcoin hovered near $66,000 as investors shifted capital from crypto into traditional defensive assets.
Gold rallied sharply at the start of the week as rising geopolitical tensions pushed investors toward defensive assets. Prices briefly moved above $5,400 before easing slightly, yet the metal continued to hold firm during volatile trading. Traders reacted quickly after reports linked the United States and Israel to strikes on Iranian targets.
Market participants reported heavy safe-haven flows during early Asian hours. Consequently, bullion attracted renewed buying interest as investors reduced exposure to risk-sensitive assets. The move extended gold’s monthly gain beyond twenty percent despite last month’s correction.
Key Levels Shape Near-Term Outlook
Analysts focused on support near $5,406, which buyers defended during pullbacks. As long as prices remain above that area, traders expect fresh demand on dips. Besides, resistance stands between $5,435 and $5,450, levels that could open the door to $5,480 and $5,520 if momentum strengthens.
Silver tracked gold’s advance and traded near $95.30 on Monday. The metal gained more than 1.6 percent as investors sought shelter from uncertainty. Moreover, resistance at $97 remains critical, and a sustained move higher could drive prices toward $100.
Oil Spike Adds to Volatility
Tensions intensified after online reports described coordinated military action involving the United States and Israel against Iran. Although officials have not confirmed details, markets reacted swiftly to the uncertainty. Traders priced in potential supply disruptions and broader regional instability.
Crude oil surged at the weekly open as concerns grew over shipping routes near the Strait of Hormuz. Significantly, energy markets reflected fears of transport interruptions that could tighten global supply. Precious metals benefited as investors hedged against these risks.
Crypto Market Faces Pressure
Digital assets moved lower even as traditional safe havens gained ground. Bitcoin traded near $66,000 with limited upside momentum, while Ether hovered around $1,965. Additionally, total crypto market capitalization slipped 0.65 percent to $2.28 trillion.
Analysts observed that investors shifted toward liquidity and established hedges during periods of sharp geopolitical stress. Trading volumes remained steady, yet price action showed restrained demand. Consequently, crypto markets lagged behind metals as uncertainty dominated global sentiment.
