US EditionGold gains as traders buy dips, but on track for third weekly drop
- Spot gold rebounded intraday on Mar 20, 2026, rising 1.1% to $4,700.97 as U.S. gold futures for April delivery climbed 2.4% to $4,716.80 despite heading for a third weekly decline.
- The Federal Reserve on Wednesday signalled steady rates and higher inflation, while the CME's FedWatch shows traders see little chance of a Fed reduction this year, dampening gold demand.
- Frappell said, 'After notable underperformance during the Middle East conflict, participants were poised to sell rather than buy gold and were listening out for a reason to confirm their sentiments,' and he added that 'Gold held some important technical supports in the weekly time frame and gold may see a recovery to the level where it broke down, around $4,800.'
- Bullion has lost over 6% this week and all three metals were on track for weekly declines, with spot gold down more than 10 per cent since the U.S.-Israeli strike on Feb 28.
- Rising oil prices, above $105 a barrel, reflect Iran's attacks on energy targets and its prolonged Strait of Hormuz blockade, which could keep inflation high and shift safe-haven flows toward the dollar.
13 Articles
13 Articles
Dollar slides, yields surge as central banks warn Middle East war could fuel inflation
The dollar headed towards a weekly loss on Friday while bonds remained under pressure, after global central bankers warned that the Middle East war could reignite inflation. A dip in oil prices offered brief relief for markets, but trading stayed choppy and nerves frayed, highlighting how brittle investor confidence remains. Following a hectic week of monetary policy meetings across effectively the Group of Seven (G7) nations and others, the k…
New Strait Times
Gold set for third weekly fall on hawkish US Fed, elevated dollar
Times of India
The Economic TimesGold set for third weekly fall on firm dollar, hawkish Fed
Gold prices saw a slight increase on Friday but are set for a third weekly drop. A strong dollar and the U.S. Federal Reserve's stance on interest rates are impacting gold. Meanwhile, oil prices remain high following attacks in the Middle East. These events are creating inflationary pressures, though high interest rates are dampening demand for gold.
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