-
Gold Wavers Near $5,000 as Mideast War Keeps Oil Prices Elevated
Gold wavered, as the conflict in the Middle East entered a third week and investors weighed a softer dollar against continued threats to global oil supplies. Bullion traded either side of $5,000 an ounce, falling as much as 1% before paring losses. The metal steadied after dropping for a second straight week, under pressure from rising energy prices and inflationary concerns arising from the US-Israeli war with Iran. Crude erased early gains on Monday and a gauge of the dollar slipped, helping to support commodities priced in the US currency. Uncertainty over how long the war will last makes it difficult to assess ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From brecorder.com | Mar 16, 2026
Copper fell on Monday as elevated oil prices fuelled inflation concerns, supporting the US dollar and dampening expectations for rate cuts by the Federal Reserve. The most-active copper contract on the Shanghai Futures Exchange declined 1.28% to 99,310 yuan ($14,390.04) a metric ton, as of 0330 GMT. The benchmark three-month copper contract on the London ...
From brecorder.com | Mar 16, 2026
Gold edged lower on Monday, weighed down by waning hopes of near‑term US interest‑rate cuts due to elevated energy prices, while a softer dollar helped limit losses. Spot gold was down 0.2% at $5,007.58 per ounce, as of 0240 GMT. US gold futures for April delivery fell 1% to $5,011.10. The dollar nudged lower, making greenback-priced commodities such as ...
From fxleaders.com | Mar 15, 2026
This week, the gold market faces a crucial moment as it reacts to both global tensions and a stronger US Dollar. After a strong start to 2026, with prices reaching nearly $5,600, gold has now pulled back to the $5,010 to $5,040 range. Both individual and institutional investors are wondering if this is a rare buying chance or the beginning of a bigger drop. ...
