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Gold Prices Plummet Amid Inflation and Geopolitical Tensions

3/20/2026

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Story summary
  • On March 19, gold prices fell to around $4,585 per ounce, the lowest in over a month.
  • The decline stems from rising oil prices and inflation concerns that dim gold's safe-haven appeal.
  • The Federal Reserve's hawkish stance on rates reinforces selling, with only one rate cut expected in 2026.
  • Geopolitical tensions, especially the US-Iran conflict, strengthen the dollar and pressure precious metals.