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Gold Slips as War Hikes Oil Prices and Dims Fed Rate-Cut Outlook
Gold ticked down, pressured by strength in the US dollar and the prospect of less monetary easing as the war on Iran sent oil prices soaring. Bullion fell as much as 1.3%, erasing earlier gains. The dollar continued its climb, weighing on gold and other precious metals, which are priced in that currency on international markets. Lower US jobless claims in the latest report reaffirmed traders’ outlook that the Federal Reserve is less likely to cut interest rates as higher energy prices spark concern about inflation. Higher rates weigh on gold, a non-yielding asset. “It seems evident, especially in recent days, ... (full story)
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Gold’s safe-haven appeal faltered on Thursday as the precious metal slipped alongside equities, even as geopolitical risks in the Middle East intensified. Meanwhile, crude oil volatility surged, with Brent and WTI jumping sharply on fears that the conflict could disrupt global energy supply routes. Middle East tensions remained elevated on Thursday as ...
From morningstar.com | Mar 12, 2026
Things aren't looking so great on the economic front 12 days into the U.S.-Israeli attack on Iran. Not only did oil prices again touch triple-digit levels, there are worries about supplies of everything from fertilizer to helium, important not just for party balloons, but semiconductor production. Goldman Sachs economists Manuel Abecasis and David Mericle ...
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