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Daily Reports

Daily Bullion Report of 4th March 2026

🌍 Global Geopolitical Update – War & Energy Shock

Tensions in the Middle East continue to escalate after U.S. and Israeli military operations against Iran.

Major developments overnight:

β–ͺ Trump orders political risk insurance for global shipping through the Gulf.
β–ͺ U.S. considering naval escorts for oil tankers in the Strait of Hormuz.
β–ͺ The United States Navy may begin military protection for energy shipments.
β–ͺ Trump claims Iran’s air defense and detection systems have been destroyed.
β–ͺ Oil prices have already jumped nearly $10 per barrel amid supply disruption fears.
β–ͺ Trump says the U.S. will ensure free flow of global energy at any cost.
πŸ‡ΊπŸ‡Έ *IRAN INTEL MINISTRY REACHED OUT INDIRECTLY TO CIA: NYT – BBG
*IRAN OPERATIVES MADE OFFER TO DISCUSS TERMS FOR ENDING WAR: NYT
*NYT CITES OFFICIALS BRIEFED ON THE IRANIAN OUTREACH TO THE CIA
*US OFFICIALS SKEPTICAL ABOUT READINESS FOR IRAN OFFRAMP: NYT

This effectively signals that the Strait of Hormuz has become the central geopolitical flashpoint for global markets.

Nearly 20% of the world’s oil supply passes through this route.

Any disruption immediately affects:

β€’ Oil prices
β€’ Inflation expectations
β€’ Global risk sentiment
β€’ Safe-haven demand

🧠 Market Interpretation

The current situation creates two opposite forces for Gold & Silver.

Bullish Factors

β€’ War escalation between U.S. – Israel vs Iran
β€’ Energy supply risk from Hormuz shipping lanes
β€’ Rising oil prices β†’ inflation fears
β€’ Possible global market volatility

Bearish Factors

β€’ U.S. military control of the Gulf reduces full supply shock risk
β€’ Trump signalling oil prices may spike temporarily but later fall
β€’ Strong U.S. dollar flows during geopolitical crises

πŸ‘‰ Therefore bullion markets are volatile but still trading in structured ranges.

πŸ“Š Fundamentals for the Day

⏰ 6:45 pm IST – ADP Non-Farm Employment Change
⏰ 8:15 pm IST – Final Services PMI
⏰ 8:30 pm IST – ISM Services PMI

These U.S. economic indicators will determine short-term dollar direction, which directly affects Gold & Silver.

Gold

Range: 160035 – 166573

Nearest Buy: 162000
Target: 164300
SL: 161400

Our Preference
Buy Gold @ 160035
Target: 164500
SL: 159400

Alternative Scenario
Sell Gold @ 166573
SL 167000+ sustain
Target 162000

Trading Zone

Sell 164300 first stroke
SL 164800
Target 163000

Silver

Range: 265000 – 285799

Our Preference
Buy Silver @ 265000
Target 278000
SL 262000

Alternative Scenario
Sell Silver @ 278000
Target 270000
SL 281000

Backup Sell
Sell 285700
Target 270000
SL 288000

Silver Market Outlook – March

Silver is expected to remain in broad consolidation during March.

Expected Monthly Range:

293000 – 235000

Key Trading Insight:

β–ͺ Major Sell Zone: 285000 – 293000
β–ͺ Breakout above 300000 may push silver toward 335000

Until then, expect range trading and volatility spikes from geopolitical news.

Control your lot size and leverage carefully.

πŸ“© Stay connected for live market updates

Tradeline Capital
WhatsApp: +91-78599995

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