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Gold Slumps as Oil Surge Stokes Fears of Higher Interest Rates
Gold tumbled, pressured by a stronger US dollar and concerns over higher interest rates, as the war in the Middle East extended into a second week and oil surged above $100 a barrel. Bullion fell as much as 2.5% to below $5,050 an ounce in early trading, after its first weekly decline in more than a month. Major oil producers in the Persian Gulf region curbed output due to the US-Israeli war with Iran, which shows no sign of resolution, and a gauge of the dollar jumped as much as 0.6%. Gold has come under pressure as spiking crude prices stoke inflation fears in the US, raising the likelihood that the Federal Reserve ... (full story)
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- Mar 8, 2026 9:00pm Posted byFundamental Analysis213
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