-
Gold Edges Higher as Dip-Buyers Enter Market After Six-Day Slide
Gold recovered some ground after sliding nearly 4% on Wednesday, with dip-buyers helping the metal to withstand spiking oil prices and inflationary risks from the war in the Middle East. Bullion rose as much as 0.7%, reversing some losses sustained over six straight days of decline — the longest losing streak since late 2024. The Federal Reserve held interest rates steady at its latest meeting and projected just one cut this year, with Chair Jerome Powell saying a reduction would require progress in slowing inflation. The conflict makes developments for the US economy “uncertain,” Fed officials said in a ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From fxempire.com | Mar 18, 2026
Gold continued to weaken during Wednesday’s session, as it broke below the 50-day moving average with a sharp decline to $4,834. At the time of writing, gold continues to trade near the session lows, and the move may extend further before the close. Support is being tested at that higher swing low of $4,842, which helped define a rising bearish wedge ...
Israel, out of anger for what has taken place in the Middle East, has violently lashed out at a major facility known as South Pars Gas Field in Iran. A relatively small section of the whole has been hit. The United States knew nothing about this particular attack, and the country of Qatar was in no way, shape, or form, involved with it, nor did it have any idea that it was going to happen. Unfortunately, Iran did not know this, or any of the pertinent facts pertaining to the South Pars attack, and unjustifiably and unfairly attacked a portion of Qatar’s LNG Gas facility. NO MORE ATTACKS WILL BE MADE BY ISRAEL pertaining to this extremely important and valuable South Pars Field unless Iran unwisely decides to attack a very innocent, in this case, Qatar - In which instance the United States of America, with or without the help or consent of Israel, will massively blow up the entirety of the South Pars Gas Field at an amount of strength and power that Iran has never seen or witnessed before. I do not want to authorize this level of violence and destruction because of the long term implications that it will have on the future of Iran, but if Qatar’s LNG is again attacked, I will not hesitate to do so. Thank you for your attention to this matter. President DONALD J. TRUMP Trump says Qatar was in no way involved in the attack. Just in | Trump Claims U.S. Was Unaware of Israeli Attack on Iranian Facility Trump states the United States will respond if there is another attack on Qatar’s LNG.
From vtmarkets.com | Mar 18, 2026
Gold (XAU/USD) fell more than 2.20% on Wednesday, trading at $4,878 after a daily high of $5,016. It dropped below the 50-day Simple Moving Average at $4,961 as US yields rose and inflation data reduced expectations of rate cuts. The US Dollar Index rose 0.29% to 99.84, alongside higher oil prices. Israel reported an attack on Iran’s Pars gas field ...
