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Gold Steadies With Traders Looking to Oil and US Dollar During War
Gold steadied as traders tracked the war in the Middle East and assessed reports that the International Energy Agency recommended the largest-ever release of oil reserves. Bullion held below $5,200 an ounce, after adding 1% Tuesday. The IEA, which coordinates stockpile discharges for OECD countries, suggested member states release 400 million barrels, German Economy Minister Katherina Reiche said Wednesday. Crude futures rallied, as the conflict continues to disrupt crude production and refining across the Middle East. Extreme volatility in energy prices has increased concerns of inflation, thereby reducing ... (full story)
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- Mar 11, 2026 11:30am Posted byFundamental Analysis1,197
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