Story perspectives
Gold Prices Plummet 8.5% Amid Rising Yields and Conflict
3/23/2026
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Story summary
- Gold prices fell for the eighth consecutive day, down over 8.5% this week at $4,560.
- Rising US yields and a strong jobs report reduce expectations for Federal Reserve rate cuts, pushing gold lower.
- The escalation of the Middle East conflict, especially Iran's attacks on energy facilities, adds pressure.
- Retail investors are buying silver despite a price drop, signaling a shift in market sentiment.
