(March 26): Gold steadied after a two-day recovery, as traders weighed conflicting statements from the US and Iran about negotiations to end the war in the Middle East. Bullion was near US$4,510 an ounce in early trading, having gained more than 2% over the previous two sessions. Since the war began nearly a month ago, gold has fallen nearly 15%, moving largely in tandem with stocks and in an inverse relationship with oil. Spiking energy prices have raised the risk of inflation and led investors to bet that central banks will keep interest rates unchanged, or hike them. Spot gold was little changed at US$4,505.86 an ounce at 7:05 a.m. Singapore time.

Source: The Edge Markets March 25, 2026 23:56 UTC