Gold Stuck at $4,400 as Middle East Risks, Fed Outlook Weigh

2026-03-24 11:18 By Joana Ferreira 1 min. read

Gold traded near $4,400 per ounce on Tuesday, fluctuating between small gains and losses as Middle East uncertainty continued to drive market volatility.

President Trump announced a delay in US strikes on Iran, citing "positive talks", a claim Tehran dismissed as "psychological warfare." However, reports suggested indirect negotiations may be underway.

Adding to tensions, the Wall Street Journal revealed that Saudi Arabia and the UAE are nearing involvement in the conflict, while an Israeli official told CNN that a ceasefire is "out of reach" as Iran shows no willingness to concede.

Israel’s Defense Minister vowed to "continue striking Iran with full force." The metal remained near its lowest level since January, down 25% from its March peak, as soaring energy prices intensified inflation fears.

Markets now rule out Fed rate cuts in 2026, with traders bracing for further tightening from other major central banks.



News Stream
Gold Stuck at $4,400 as Middle East Risks, Fed Outlook Weigh
Gold traded near $4,400 per ounce on Tuesday, fluctuating between small gains and losses as Middle East uncertainty continued to drive market volatility. President Trump announced a delay in US strikes on Iran, citing "positive talks", a claim Tehran dismissed as "psychological warfare." However, reports suggested indirect negotiations may be underway. Adding to tensions, the Wall Street Journal revealed that Saudi Arabia and the UAE are nearing involvement in the conflict, while an Israeli official told CNN that a ceasefire is "out of reach" as Iran shows no willingness to concede. Israel’s Defense Minister vowed to "continue striking Iran with full force." The metal remained near its lowest level since January, down 25% from its March peak, as soaring energy prices intensified inflation fears. Markets now rule out Fed rate cuts in 2026, with traders bracing for further tightening from other major central banks.
2026-03-24
Gold Volatile on Mideast Uncertainties
Gold held above $4,400 per ounce on Tuesday, swinging between gains and losses amid heightened Middle East tensions as Iran denied holding talks with the US to end the conflict. Tehran dismissed President Donald Trump’s announcement as an attempt to influence financial markets while launching new attacks on US targets, with Israel also continuing strikes against Iran and Lebanon. On Monday, gold had staged a sharp intraday rebound after Trump postponed planned US strikes on Iranian energy infrastructure and claimed negotiations were underway. The outcome of any talks and the potential reopening of the Strait of Hormuz remain highly uncertain, keeping inflation risks elevated. Gold had fallen as much as 25% from its March peak as rising energy prices fueled inflation concerns and reinforced expectations of further interest rate hikes.
2026-03-24
Gold Steadies on Mideast De-escalation
Gold stabilized above $4,400 per ounce on Tuesday after dipping to four-month lows around $4,100 at the start of the week, as investors assessed the postponement of US strikes on Iranian energy infrastructure and the possibility of negotiations to end the conflict. President Donald Trump’s announcement of a five-day delay in planned strikes was viewed as an effort to manage oil prices, with oil benchmarks plunging about 10%. The dollar and Treasury yields also retreated following the announcement, offering additional support to gold. However, Tehran denied that any negotiations were underway, while Israel continued its attacks on Iran. The outcome of any talks and the potential reopening of the Strait of Hormuz remain uncertain, keeping inflation risks elevated. Gold had fallen as much as 25% from its March peak as surging energy prices fueled inflation concerns and bolstered expectations of interest rate hikes.
2026-03-23