WORLDglobal
Gold slides as hawkish Fed and strong US dollar override geopolitical fears
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Updated 3 hours ago
First seen March 22, 2026 19:12:04Stay on top of this story
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Quick Summary
Gold prices have continued to weaken despite escalating tensions in the US-Israel conflict with Iran, breaking from the metal’s traditional role as a geopolitical hedge, as fading expectations of interest rate cuts and a stronger US dollar weigh on sentiment, analysts said. The metal has declined about 15 per cent since a brief surge on March 2, when prices climbed to around US$5,300 per ounce following US and Israeli strikes on Iran. A modest rebound driven by technical buying on Friday did...