Gold surrenders modest intraday gains and retreats to the lower end of its daily range heading into the European session, though it manages to hold above the $5,000 psychological mark. There are a few signs that the US-Israeli war on Iran is ending soon amid the escalating conflict between Israel and Hezbollah in Lebanon. In fact, the Israeli military said that it is expanding ground assault in southern Lebanon.
Source: https://www.fxstreet.com/news/germany-zew-survey-current-situation-came-in-at-629-above-forecasts-671-in-march-202603171000
