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Gold's (XAU/USD) Tug of War: : Oil spike, rate fears, and the battle for control

Gold (XAU/USD) is locked in a tug of war as safe-haven demand from escalating Middle East tensions battles the hawkish rate outlook fueled by soaring oil prices. This analysis reviews the impact of the Iran strikes, reduced Fed rate cut expectations, and the potential G-7 oil reserve release.
Date: 09.03.2026  |  Source: marketpulse.com
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Quotes

Instrument Price Change (%)
EURUSD 1.162360 -0.11687%
GBPUSD 1.342840 -0.040941%
USDJPY 157.877000 +0.14717%
XAUUSD 5128.705000 -0.17916%
USDCAD 1.358200 -0.034599%
NZDUSD 0.592880 -0.065737%
USDCHF 0.777600 +0.29795%
AUDUSD 0.706920 -0.077742%
EURGBP 0.865480 +0.045082%
EURJPY 183.519000 +0.051793%
GBPJPY 212.013000 +0.084973%
AUDJPY 111.616000 +0.10493%
CADJPY 116.193000 +0.17588%
CHFJPY 203.006000 -0.26315%
NZDJPY 93.606000 +0.55214%
GBPCHF 1.044110 +0.066129%
EURCHF 0.903800 -0.013276%
USDMXN 17.657460 +0.36583%
USDZAR 16.337900 -1.34118%
USDTRY 44.058400 +0.12089%
USDRUB 78.257700 -0.90901%
USDSEK 9.135140 +0.28807%
USDCNY 6.906100 +0.14646%

Upcoming Important Events

Time Country Event Forecast Previous
09.03.2026
22:50 🇯🇵 Gross Domestic Product QoQ (Q4) 0.3 0.1
23:30 🇦🇺 Westpac Consumer Confidence Change (Mar) -1.1 -2.6
10.03.2026
00:30 🇦🇺 NAB Business Confidence (Feb) 3 3
03:00 Exports YoY (Jan) 6.6
03:00 Imports YoY (Jan) 5.7
07:00 🇩🇪 Balance of Trade (Jan) 15.4 17.1
14:00 🇺🇸 Existing Home Sales (Feb) 3.88 3.91
11.03.2026
06:00 🇩🇪 CPI (Feb) 0.2 0.2
07:00 🇩🇪 CPI (Feb) 0.2 0.2
12:30 🇺🇸 Core Inflation Rate MoM (Feb) 0.2 0.3