Spot Gold Holding 5k
Spot Gold Holding $5,000 Could Be Key Near Term — Market Talk
Mar 16, 2026, 02:22 GMT-4Less than 1 min read
Spot gold prices holding above $5,000 a troy ounce could be key for its near-term price direction, says Pepperstone's Dilin Wu in a note. If the $5,000 level is decisively breached, the yellow metal's price could fall further to the $4,850-$4,900 support zone, the research strategist says. However, if gold stabilizes, the next resistance levels to watch would be $5,100 and $5,250, he says. A strong dollar and leveraged long liquidations are likely to pressure gold, while institutional and central bank buying provide support, he says. Escalating geopolitical tensions or a hawkish Federal Reserve could trigger greater volatility, he notes. Spot gold rises 0.3% to $5,032.24 a troy ounce. (megan.cheah@wsj.com)
