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

On the morning of March 2, global commodities opened sharply higher: spot gold approached $5380 per ounce, up nearly 2%;

spot silver rose above $95 per ounce, up over 2%; Brent crude oil gapped higher, with gains reaching 13%.

After the weekend attack on Iran, risk aversion sentiment completely ignited the market. As a core safe-haven asset, gold previously rose during the dark trading session on February 28, then plunged on March 1. Today’s opening saw a strong rebound, drawing high market attention.

1. Precious Metals: Safe-Haven Driven, Institutional Outlook Bullish

Geopolitical tensions continue to support precious metals, with an unbroken upward trend since the beginning of the year. On February 27, gold and silver collectively closed higher.

• Geojit Investments stated that escalating geopolitical risks could trigger a surge in precious metal buying, with NY silver futures expected to return above $100/oz, and in extreme cases, gold prices could hit $6000. The trend depends on how the conflict evolves.

• CCB Futures pointed out that joint US-Israel attacks boost safe-haven demand. Coupled with Federal Reserve easing expectations and global economic pressures, precious metals are expected to continue a strong 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 conditions are short-lived and highly volatile. It is recommended to maintain a bullish bias, hedge long positions to seize opportunities, and hedge short positions to reduce holdings.

2. Crude Oil: Supply Concerns Maxed Out, Minimal Resistance to Upside

As OPEC’s third-largest oil producer, Iran’s instability directly impacts global energy supply. Analysts say that if flow through the Strait of Hormuz is interrupted by more than 70%, the market will trade a supply vacuum; the US is currently not releasing strategic petroleum reserves, so upward resistance for oil prices is minimal.

3. Latest Developments

On March 1, local time, Israel announced that military strikes would intensify in the coming days, mobilizing 100,000 reservists; Trump stated that military operations could last four weeks, and the US military has destroyed Iran 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.