Market Information Thursday 05 March 2026

Gold climbed 0.8% to $5,177 per ounce on Thursday, driven by safe-haven demand as the U.S.-Iran conflict widened with a U.S. submarine sinking an Iranian warship off Sri Lanka. Bullion has now risen roughly 20% this year, notching successive record highs. Volatility is expected to persist until signs of peak escalation emerge, while Trump’s nomination of rate-cut-friendly Kevin Warsh as Fed chair provided additional tailwinds.

Nvidia CEO Jensen Huang said the company’s $30 billion investment in OpenAI, part of a broader $110 billion funding round, will likely be its last ahead of the startup’s anticipated IPO later this year. Huang also indicated its $10 billion stake in Anthropic would similarly be a final investment. A previously touted $100 billion infrastructure deal between the two companies remains effectively shelved, with Nvidia noting in filings there is “no assurance” a broader agreement will be completed.

China set its GDP growth target for 2026 at 4.5% to 5%, the lowest on record since the early 1990s, as Beijing contends with persistent deflation, weak consumption and U.S. trade tensions. The budget deficit target held at 4% of GDP, while retail sales grew just 3.6% last year and fixed-asset investment fell 3.8%, its first annual decline in decades. Analysts note the modest target reflects a deliberate shift toward quality over quantity in policymaking.

The 6M Euribor decreased with 1 basis point to 2.12% compared to previous business day. The 10Y Swap is unchanged at 2.77% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.