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Story summary
- On March 19, spot gold rose 0.8% to $4,856.82 per ounce, rebounding from a one-month low.
- Gains were tempered by a strong dollar and the Federal Reserve's hawkish stance.
- Oil prices surged above $110 per barrel after attacks on Iranian energy facilities, raising inflation concerns.
- The U.S. Federal Reserve and Bank of Canada held rates steady but warned of persistent inflation risks.
- Spot silver and platinum also rose.
