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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.