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Gold falls on inflation concerns and stronger dollar; Mideast tensions dim rate cut bets
Gold fell on Monday as the U.S.-Israeli war on Iran fuelled inflation concerns, which dimmed near-term U.S. interest rate cut prospects and boosted the dollar. Spot gold was down 1.2% at $5,109.39 per ounce as of 1012 GMT, after falling more than 2% earlier. U.S. gold futures for April delivery lost 0.8% to $5,118.20. "Historically, it is not uncommon to see gold falling as first reaction when financial markets show stress signs as gold is a highly liquid asset," said UBS analyst Giovanni Staunovo. Stock markets in Asia nosedived as the inflationary jolt from surging oil prices threatened to raise living costs and ... (full story)
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From msn.com | Mar 9, 2026
Gold and silver prices fell on Monday, pressured by a stronger U.S. dollar (DXY) and higher interest rate concerns, as the Middle East war extended into a second week and oil approached $120 a barrel. Spot gold was last down 1.4% to $5,087.87 an ounce, after dropping as much as 3%, following its first weekly decline in more than a month, while silver fell ...
*TRUMP SAYS WAR COULD BE OVER SOON: CBS NEW—In a phone interview, President Trump told me the war could be over soon: “I think the war is very complete, pretty much. They have no navy, no communications, they’ve got no Air Force.” He added that the U.S. is “very far” ahead of his initial 4-5 week estimated time frame. *TRUMP SAYS SOMEONE IN MIND TO REPLACE MOJTABA KHAMENEI: CBS *TRUMP MULLS TAKING OVER STRAIT OF HORMUZ: CBS
Oil prices climbed above $100 a barrel on Monday, reaching levels not seen since 2022, as the conflict showed no signs of de-escalating, adding to growing concerns of a lasting supply shock. Gold futures (GC00) (GCJ26) fell $56.90, or 1.1%, to $5,101.80 an ounce, after rising 1.6% on Friday, but lost that same amount last week. That marked the biggest ...
