BENGALURU (March 24): Gold prices fell more than 1% on Tuesday, extending their slide to a tenth straight session, pressured by a firm US dollar and fading hopes for near-term Federal Reserve interest rate cuts. Spot gold fell 1.6% to US$4,335.18 per ounce as of 0227 GMT. Prices are down "as markets continued to drive up interest rates, reasoning that the war in Iran will drive inflation. Spot gold prices have fallen about 18% since the US-Israeli war on Iran started on Feb 28, with the dollar emerging as one of the clearest safe-haven winners. For gold, the immediate support levels are at US$4,275 and US$4,000, while the resistance is seen at US$4,650 and US$4,840, said Spivak.

Source: The Edge Markets March 24, 2026 03:18 UTC