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Gold and Silver Prices Rise Amid Weaker Dollar

3/21/2026

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Summary

Story summary

Gold and silver rose on March 20 to 4,662.30 and 72.08, respectively.
Analysts say bargain buying and a weaker U.S. dollar drove the move as a temporary bounce.
Prices remain over 10% below their late-February levels, offering no trend reversal yet.
Central banks' hawkish inflation and energy-price stances keep pressure on precious metals.

History

Historical Context

The Gold Standard Act of 1900, signed by President William McKinley, established gold as the exclusive basis for redeeming U.S. paper currency, fixing the dollar's value at $20.67 per ounce. This act followed earlier monetary policies, including the Coinage Act of 1873, and set the stage for future economic fluctuations, as seen today with rising gold prices amid inflationary pressures.

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Story summary

Gold and silver rose on March 20 to 4,662.30 and 72.08, respectively.
Analysts say bargain buying and a weaker U.S. dollar drove the move as a temporary bounce.
Prices remain over 10% below their late-February levels, offering no trend reversal yet.
Central banks' hawkish inflation and energy-price stances keep pressure on precious metals.

1 / 2