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Gold falls to a month-low as hawkish Federal Reserve expectations outweigh safe-haven demand amid US–Israel–Iran tensions
Gold fell for a seventh straight day, dropping to over a one-month low. XAU/USD traded near $4,605 after touching about $4,502. The move followed rising inflation concerns linked to higher oil prices and expectations of interest rates staying higher for longer. A firmer US Dollar and higher yields reduced demand for non-yielding gold. The Federal Reserve kept its benchmark rate unchanged at 3.50%–3.75%. Its dot plot still shows one rate cut in 2026, while the PCE inflation forecast for December 2026 rose to 2.7% from 2.4%. The FOMC said job gains have been modest, unemployment has changed little, and inflation ... (full story)
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From finance.yahoo.com | Mar 20, 2026
Gold plummeted as much as 6% on Thursday, with the precious metal acting like anything but a safe-haven asset as the Middle East conflict escalates. Investors went risk-off as the prospects of higher inflation lowered the chances investors are placing on Fed rate cuts. Gold futures (GC=F) fell to around $4,600 per ounce, while the broader metals complex was ...
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