Gold, Silver Rates Today: Comex Gold Drops $80/oz; Silver Down $4.70 as US Fed Rate-Cut Hopes Fade

Gold, silver rates today: Comex gold drops $80/oz; silver down $4.70 as US Fed rate-cut hopes fade

9 March saw precious metals decline amid a stronger dollar, with gold and silver futures trading significantly lower. Crude oil prices surged amid supply concerns, leading to inflation fears. Investors are monitoring upcoming economic data that may affect Federal Reserve's interest rate decisions.

Gold prices fall on dollar strength, fading U.S. rate-cut hopes

Gold prices fell on Monday, as a stronger U.S. ​dollar weighed on the ​greenback-priced bullion.

Gold Prices Fall 1.5% as Dollar Firms, Rate-Cut Optimism Fades

Gold fell on Monday as a stronger US dollar weighed on dollar-priced bullion, while higher energy costs fueled inflation concerns and dimmed prospects for near-term interest rate cuts.

Gold’s Rally Pauses as Energy Shock Fears Shake Markets

CoinWeek Bullion Report – Rising oil prices, stronger dollar and stagflation concerns cool bullion momentum Rising oil prices, stronger dollar and stagflation concerns cool bullion momentum For five straight weeks, gold marched higher. The rally looked unstoppable. Then global markets shifted. A surge in energy prices and renewed geopolitical tensions rattled investors. As a result, gold prices pulled back for the first time in more than a month…

Spot Gold drops as dollar firms

Spot gold was down 0.8% at $5,130.94 per ounce Gold dropped on Monday, as a stronger U.S. dollar ‌weighed on dollar-priced bullion, while higher energy costs fuelled inflation concerns and further dimmed the prospects for near‑term reductions in interest rates. Spot gold was down 0.8% at $5,130.94 per ounce, as of 0554 GMT, after dropping ​more than 2% earlier in the session. The dollar rose to a more-than-three-month high, making bullion ⁠more …

Gold prices decline locally and globally under pressure from a stronger dollar and inflation concerns

Gold prices declined in both the local market and global exchanges during Monday’s trading, pressured by the rise of the U.S. dollar, which negatively affected the precious metal priced in the American currency. Meanwhile, higher energy costs have fueled inflation concerns and reduced expectations for near-term interest rate cuts, according to a report released by the iSagha platform.