Gold Pares Losses

2026-03-11 14:29 By Felipe Alarcon 1 min. read

Gold prices stabilized near $5,190 dollars per ounce on Wednesday as market participants navigated between persistent geopolitical risks and shifting monetary policy expectations.

While the ongoing conflict in the Middle East provides a structural floor for the precious metal, bullion faces competition from a resurgent US dollar and rising Treasury yields.

Investors are focused on the latest inflation data showing headline figures holding at 2.4% while signaling that future price pressures could intensify due to energy supply shocks.

The potential for a record release of strategic oil reserves by the International Energy Agency has introduced volatility by temporarily easing inflation fears and complicating the outlook for Federal Reserve interest rate cuts.

The Fed is widely expected to keep rates unchanged next week with markets pricing in only one 25 basis point cut this year.

Despite the pullback gold has surged more than 20% this year hitting successive record highs.



News Stream
Gold Back on the Defensive
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Gold Reclaims Ground After Weak US GDP
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Gold Poised for Weekly Loss
Gold edged above $5,080 per ounce on Friday, but still on track for a back-to-back weekly loss, as surging oil prices fueled inflation concerns. President Donald Trump and Iran’s new supreme leader Mojtaba Khamenei issued defiant remarks, with Trump stressing that stopping Iran from acquiring nuclear weapons takes priority over oil price concerns, while Khamenei vowed to keep the strategic Strait of Hormuz closed and warned that Iran could open additional fronts if US and Israeli attacks persist. The tensions pushed energy prices higher, stoking inflation worries and dampening expectations of Federal Reserve interest rate cuts. Markets see no chance of a reduction at next week’s meeting and only about a 70% probability of a cut later this year. Elsewhere, gold discounts in India hit a nearly decade-low this week as weak demand and avoidance of import duties weighed, while China extended gold buying into its 16th consecutive month.
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