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Gold Rises Amid Market Volatility; Oil Prices Surge

3/21/2026

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Story summary
  • On March 20, 2026, spot gold rose 0.3% to $4,662.51 after heavy selling.
  • Silver fell 1.7% to $71.62 on the same day.
  • Oil prices rose due to tensions from the Iran war, heightening inflation concerns.
  • Analysts cite the Federal Reserve's hawkish stance and higher real yields weighing on gold.
  • Central banks continued to buy gold, suggesting potential for higher prices despite volatility.