EUR/USD
1.16044
-0.244%
Gold
5162.64
0.432%
Oil
75.965
0.938%
USD/JPY
157.071
0.017%
GBP/USD
1.33349
-0.276%
GBP/JPY
209.457
-0.237%
Real-time News
March 5 – Ukrainian President Volodymyr Zelenskyy stated that the US-mediated peace talks between Russia and Ukraine, originally scheduled for this week, have been postponed indefinitely due to the Iran conflict. Zelenskyy said Wednesday evening local time, “Currently, due to the situation in Iran, the necessary signals for trilateral talks have not yet emerged. Once the security situation and the broader political environment allow us to resume trilateral diplomatic work, the relevant process will continue.” Zelenskyy had told reporters on Monday that the talks were originally scheduled for around March 5-6, which would be the fourth meeting between the two sides this year. Zelenskyy stated, “We are in contact with the United States almost every day,” adding that Kyiv is ready for new negotiations.On March 5th, Phillip Nova analyst Priyanka Sachdeva stated in a report that a stronger dollar is likely to continue putting pressure on gold prices. Despite the escalating conflict in the Middle East, the unexpectedly sharp rise in the dollar may have prompted some investors to take profits on gold. As energy prices rise, inflation concerns are resurfacing, while market expectations for fewer rate cuts by the Federal Reserve this year are also strengthening. She added that investors should consider factors such as the dollars performance, the pace of gold purchases by central banks, and whether the conflict in Iran will escalate further when allocating gold.On March 5th, Bei Chen Lin, Head of Investment Strategy for Canada at Russell Investments, stated in a report ahead of Fridays US non-farm payrolls data release that investors should consider the broader context when examining US employment data. "Job growth needs to be considered within the overall environment. With US population growth slowing to near standstill, even adding 60,000 jobs is still a healthy pace of growth." Analysts surveyed by The Wall Street Journal predicted that the US added 50,000 jobs in February, down from 130,000 in January. Lin added, "We believe a robust pace of job growth should be sufficient to stabilize the labor market and may even drive a hiring rebound in the second half of the year."On March 5th, Eastern Time, Bridgewater Associates founder Ray Dalio reiterated his strong bullish stance on gold. He stated that in the competition between gold and Bitcoin, there is a clear winner—gold. He emphasized that golds position is irreplaceable. Dalio recommends that individuals allocate 5% to 15% of their portfolios to gold to diversify risk during times of disaster.Iranian state media reported that explosions occurred in Tehran and Karaj.
