Gold Surges Past Five Thousand Dollar Resistance on Middle East Naval Tensions

Geopolitical Flight to Quality

Investors are prioritizing capital preservation as maritime security risks escalate. The threat to international shipping lanes is currently overshadowing the 'Warsh Pivot' at the Fed, as traders hedge against a potential supply-chain shock.

Central Bank Floor

Supporting the rally is continued evidence of sovereign accumulation. Reports suggest that Asian central banks utilized the recent dip toward $4,800 to increase their holdings, providing a structural floor that speculators are finding hard to break.