Gold prices are trending upward following the Iran war, with speculation strategies in play. Today's gold price situation (2 March 2026) is described as "intense and highly volatile" after escalating tensions between Iran and Israel led to major air strikes, directly affecting gold prices both domestically and internationally.
1. Latest gold price update (2 March 2026)
Gold prices surged sharply as investors flocked to buy gold as a safe haven asset:
Global gold prices (Gold Spot) surged through the $5,300 - 5,400 per ounce range, continuously setting new record highs.
Domestic gold prices rose by over 1,000 - 1,700 baht this morning, with gold bar selling prices breaking through 78,000 - 79,000 baht per baht-weight, and some jewelry shops reporting prices exceeding 80,000 baht.
2. Gold price outlook
Analysts assess that the gold price direction depends on the "duration" of the war:
Short term: Prices may continue rising if there is intensified retaliation (Escalation), with global gold potentially reaching $5,500 - 5,600.
Long term: If the war expands affecting the energy sector (oil prices surge) and the global economy, some experts (such as MTS Gold) predict Thai gold may reach 100,000 baht and global gold could hit $6,000 - 7,000.
Risks: Caution is needed for profit-taking sell-offs when prices rise too sharply in a short time, as well as exchange rate volatility that might strengthen or weaken the baht depending on global economic conditions.
3. Gold investment strategies during wartime
In a "panic buy" market, investors should proceed carefully as follows:
Recommended actions (Do) | Precautions (Don't) |
Use dollar-cost averaging (DCA): Avoid investing a lump sum at peak prices; wait for price dips to accumulate gold gradually. | Avoid chasing prices (FOMO): Buying out of fear of missing out during a rapid price surge carries a high risk of being stuck with overpriced gold. |
Use idle funds: Invest money that is not urgently needed, as gold may be highly volatile in the short term. | Avoid excessive speculation: For Gold Online or Gold Futures trading, set clear stop-loss points. |
Follow news closely: War situations can change direction at any time. | Do not overlook the baht exchange rate: Even if global gold prices rise, a strong baht may prevent domestic gold prices from increasing as expected. |
If you already hold gold, partial profit-taking during strong price surges is a good option to hold cash for repurchasing when prices retreat to key support levels.