Gold sales soar as investors capitalise on volatility
March 5, 2026
Gold began the month under pressure following the sharp selloff at the end of January, briefly trading as low as USD 4,400. But these lower levels attracted strong buying interest with investors stepping in to capitalise on what many viewed as attractive value underpinned by resilient fundamentals. This resulted in gold recording its biggest single day rise since November 2008, pushing the price back above USD 5,000. For the remainder of the month gold traded within a narrow and less volatile range around USD 5,000 as Lunar New Year celebrations contributed to softer physical demand across key Asian markets.
From Perth Mint