Institutions: Supported by geopolitical situation, gold still has significant room for growth

Golden Ten Data, March 6 – State Street Global Advisors stated in a report that geopolitical tensions and the global macroeconomic environment continue to support gold. Strategists pointed out that "geopolitical tensions in the Middle East have once again become the focus," which has triggered safe-haven buying in macro markets including gold and the US dollar. "Gold allocations in investment portfolios remain low, both tactically and strategically, and there is significant room for expansion before 2026." They added that if the Iran conflict escalates, gold prices may retest the $5,500 to $5,600 per ounce range in March.