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Gold Plummets Amid Inflation Fears, Geopolitical Tensions Rise

3/20/2026

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Story summary
  • Gold fell to a six-week low of $4,687.03 per ounce, down 2.75%, amid inflation concerns and the war in Iran.
  • Silver also declined amid the same inflation concerns.
  • The Federal Reserve maintained rates but raised inflation forecasts, projecting 2.4% growth and 2.7% inflation for this year.
  • Analysts expect gold could reach $6,000 by year-end due to geopolitical risks.
  • SPDR Gold Trust holdings have fallen to their lowest level since January.