Gold prices plummet

MetaMuskRat · 2026-03-23T22:24:08+00:00

On March 23, spot gold price broke below $4,350, now trading at $4,337.97/oz, with a daily decline of 3.54%; spot silver fell 4.02%. Rising international oil prices have sparked inflation concerns, with a strong dollar causing gold to decline for the third consecutive week, and futures contracts posting the largest single-week decline in 15 years.

MetaMuskRat

2026-03-23 22:24:08

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Gold prices plummet.

On March 23, spot gold fell below $4,350, currently at $4,337.97 per ounce, down 3.54% for the day. Spot silver is at $65.14 per ounce, down 4.02% for the day.

Last week, international oil prices surged, raising concerns about a resurgence of global inflation. The US dollar index rose, and multiple central banks signaled hawkish policies. Amid ongoing Middle East geopolitical conflicts, gold, traditionally a safe-haven asset, unexpectedly declined for the third consecutive week. The main contract price of COMEX gold futures dropped 9.62%, marking the largest weekly decline in 15 years; silver futures main contract price fell 14.36%.

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