Gold loses over 1% as US dollar firms, Fed cut hopes fade | Metals Mine

  • Gold loses over 1% as US dollar firms, Fed cut hopes fade

    From brecorder.com

    Gold prices fell more than 1% on Tuesday, extending their slide to a tenth straight session, pressured by a firm US dollar and fading hopes for near-term Federal Reserve interest rate cuts. Spot gold fell 1.6% to $4,335.18 per ounce, as of 0227 GMT. The metal fell ​to its lowest level since November 24 on Monday. US gold futures for ​April delivery fell 1.6% to $4,336.10.The dollar strengthened, making greenback-priced bullion more expensive ⁠for holders of other currencies. Prices are down “as markets continued to drive up interest rates, ​reasoning that the war in Iran will drive inflation. That global ... (full story)

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ZforexCM
Mar 24, 2026 4:14am
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Is the Primary Trend in Gold Still Intact?

Short-term forecasts in this market are risky. During war-driven volatility, conditions change fast and price calls can quickly lose relevance. Still, the broader trend is worth tracking.

The recent drop in gold looks more like a liquidity move than a structural shift. Investors moved to cash, and gold was sold to meet that demand. This type of pressure is usually temporary.

The bigger picture remains supportive. Fiat concerns, rising global debt, and policy uncertainty continue to keep gold relevant as a store of value. At the same time, the risk of stagflation adds another layer of support.

Technically, gold has corrected to more reasonable levels and is holding near the 200-day moving average. As long as it stays above $4,500, the broader uptrend remains intact, with room for a move back toward highs.
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Trader#A0A6
Mar 24, 2026 2:36am
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After their epic loss, Israel and America must fully pay reparations to Iran and neighboring countries for the collateral damage.
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