Risk perception across global markets has clearly intensified in recent days. During Asian trading hours, spot gold climbed 0.7 percent to $5,368 per ounce. Prices had already reached their highest level in more than four weeks in the previous session and maintained upward momentum into the new trading day. Meanwhile, U.S. April gold futures rose 1.5 percent to around $5,391.90 per ounce.

How Much Is Gram Gold Today?

The rise in international gold prices has also affected domestic markets in Türkiye. Combined with exchange-rate effects, gold prices in the local market moved upward as well.

As of the morning of March 3, 2026, gram gold is trading around 7,590 Turkish lira, up approximately 0.7 percent. As long as geopolitical risk pricing continues in global markets, volatility in gram gold prices may also persist.

Market analysts note that safe-haven demand could strengthen further if the conflict expands. During periods of uncertainty, gold often becomes one of the first assets investors turn to.

Why Are Gold Prices Rising?

Several key factors are driving the latest surge in gold prices. First, escalating military tensions in the Middle East have significantly increased risk perception in global markets.

Second, investor demand for safe-haven assets has risen sharply. In times of uncertainty, portfolios often shift part of their allocation toward gold.

Another major factor comes from the energy market. Rising oil prices are bringing global inflation concerns back into focus. When inflation expectations increase, gold typically gains demand as a hedge.

Why Are Oil Prices Increasing?

The main driver behind the rise in oil prices is developments around the Strait of Hormuz. According to Iranian media reports, a senior official from the Islamic Revolutionary Guard Corps announced that the strait had been closed and warned that ships attempting to pass through the area could be targeted.

This statement triggered serious concerns in energy markets. Roughly 20 percent of global oil trade passes through this strategic waterway.

While a full disruption has not yet occurred, markets often price potential risks rather than confirmed events. The upward pressure on oil prices reflects exactly this scenario.

What Happens If the Strait of Hormuz Closes?

This is currently the most critical scenario discussed in energy markets. A prolonged closure of the Strait of Hormuz could significantly disrupt global oil supply.

According to experts, such a scenario could lead to rapid and sharp increases in oil prices, as this route is one of the most important transit points for global energy shipments.

For this reason, energy markets are closely watching not only the military developments but also potential disruptions in maritime trade.

Why Isn’t Gold Falling While the Dollar Is Strong?

Under normal market conditions, a stronger U.S. dollar tends to put pressure on gold prices. When the dollar gains value, gold becomes more expensive for investors holding other currencies.

However, this relationship often shifts during geopolitical crises.

The U.S. dollar index has remained near a five-week high, while gold prices have continued to climb at the same time. This suggests a classic safe-haven reaction in financial markets. Investors are moving toward both the dollar and gold simultaneously.

Tim Waterer, Chief Market Analyst at KCM Trade, notes that gold’s rise despite the strong dollar highlights the level of geopolitical risk currently priced into markets. According to him, higher oil prices and potential disruptions in shipments through the Strait of Hormuz could push global inflation concerns back to the forefront.

Trump Signals New Wave of Attacks

U.S. President Donald Trump stated that operations against Iran would continue “for as long as necessary.” He also warned that a new and larger wave of attacks could occur soon, although he did not provide specific operational details.

The conflict is already affecting more than just military dynamics. Civilian casualties have been reported in Iran, Israel, and Lebanon. Global air travel has faced disruptions, and maritime trade in the region has slowed significantly. Shipping activity near the Strait of Hormuz has declined notably.

Other Precious Metals Also Move Higher

Rising geopolitical tensions have not only affected gold but also other precious metals.

Spot silver rose 1.4 percent to $90.67 per ounce, reaching its highest level in four weeks.

Platinum climbed 0.6 percent to $2,316.50, while palladium gained 1.6 percent to $1,795.08.

Global markets will likely focus on three major developments in the coming days: whether the conflict in the Middle East expands, the status of oil shipments through the Strait of Hormuz, and the impact of energy prices on global inflation.

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The post Why Gold and Oil Are Rising Amid Middle East Tensions appeared first on Coin Engineer.

Arkham Intelligence data reveals that the surge started from Binance’s hot wallet with 15,944 BTC (around $1.05 billion). Bybit saw $897 million, Bitfinex $814 million outflows. Kraken, Coinbase, Wintermute, and FalconX also executed hundreds of millions worth of transfers within the same 30-minute period.

Over 154,000 traders were liquidated, with total losses reaching $522 million. This wave of selling reflects a pattern that has repeated three times before.

Operation Epic Fury and Regional Chaos

The U.S. and Israel launched a joint operation, named “Operation Epic Fury” by the Pentagon. Israeli Defense Minister Israel Katz confirmed a “preemptive strike,” while former President Trump announced via Truth Social that the U.S. had initiated “large-scale combat operations.”

Iran retaliated, targeting the Al Udeid Air Base in Qatar, the U.S. Fifth Fleet in Bahrain, and certain military installations in Kuwait and the UAE. Explosions occurred in Dubai and Abu Dhabi, with one fatality caused by debris from intercepted missiles. UAE airspace was closed.

This backdrop makes it harder to interpret sudden, large Bitcoin outflows. The same wallets had already been identified in previous 30-minute spikes.

History Repeats: October 2025 and Previous Moves

On October 10, 2025, on-chain analysts reported that Wintermute transferred $700 million to Binance hours before $19 billion in leveraged long positions were liquidated. This crash coincided with Trump’s announcement of a 100% tariff on China.

Two weeks earlier, $2.5 billion in BTC was sold within 30 minutes. These sales were also linked to Binance, Coinbase, and Wintermute wallets. Wintermute CEO Evgeny Gaevoy dismissed the claims, saying it was “a sudden crash in a low-liquidity, leveraged market affected by macro news on a Friday night.”

Former CFTC regulator Salman Banaei had a different view: “Regulators should launch an investigation into what happened on October 10, 2025.” Exchanges have not commented on today’s outflows.

Bitcoin Technical and Psychological Levels

Bitcoin still trades 49% below its $126,000 all-time high. The Crypto Fear & Greed Index stands at 14. Key support is at $63,100; a breach could trigger Deribit’s 5,200 BTC open put positions toward $60,000.

Historical data shows potential recovery. After Iran’s missile attacks in April 2024, BTC dropped to $61,000 before reaching new highs. Israel’s strike on Iranian nuclear facilities in June 2025 pushed BTC down to $103,000, but it rose above $125,000 by October.

The market remains fragile. According to CryptoQuant, U.S. spot Bitcoin ETFs are net sellers this month. The short-term direction remains uncertain.

Micro Perspective: Exchanges and Liquidation Traps

Some analysts argue that these rapid outflows aren’t genuine selling but exchange-driven liquidation events. Binance, Coinbase, and Wintermute wallets appear to trigger instant liquidations to manipulate market moves. The pattern is consistent: keep major holders calm, force thin order books, trigger stops, and enforce liquidations.

Smart investors monitor on-chain flows to separate real movement from engineered ones.

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Michael Saylor, co-founder of the strategy firm, hinted that they would purchase more Bitcoin when traditional markets open on Monday. This statement drew attention especially amidst the tense geopolitical climate in the Middle East. Israel’s recent airstrikes on Iran have caused unease in global financial markets, while Bitcoin’s ability to maintain its value during this time reinforces investor confidence. 

With the latest purchase on June 9, the firm acquired 1,045 BTC worth $110 million. This brings the total BTC holdings to 582,000. According to SaylorTracker data, the company has an unrealized capital gain exceeding 50%. This translates to a potential profit of approximately $20 billion. 

Bitcoin’s resilience around the $105,000 level makes it increasingly viewed by investors as a “safe haven” amid global market stress. Despite the weekend’s military developments, the price only dropped by 3% and quickly stabilized. 

Bitcoin Remains Strong Amid Rising Geopolitical Tensions 

Experts warn that Iran’s potential closure of the Strait of Hormuz poses a serious threat to global energy markets. This strategic passage accounts for about 20% of the world’s oil supply. Any closure could spike oil prices and rattle financial markets. Rising energy costs can trigger a ripple effect across economic activity. 

Nevertheless, institutional confidence in Bitcoin continues to grow. According to data from Farside Investors, Bitcoin ETFs saw capital inflows for the fifth consecutive day. The total weekly inflow exceeded $1.3 billion. 

The Crypto Fear and Greed Index, which gauges investor sentiment, stands at 50. This level suggests a market dominated by “greed,” reinforcing belief in the bullish trend of digital assets. 

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The post Monday to Open Strong: Saylor Signals New Bitcoin Purchase!  appeared first on Coin Engineer.