Gold edged higher to around $5,020 per ounce on Tuesday but remained close to its lowest level in nearly a month, as traders continued to assess the impact of the Middle East conflict on inflation and monetary policy outlook. The US-Israeli conflict with Iran is now in its third week, with Iran intensifying strikes on energy infrastructure across the region, while President Trump has warned of direct attack on Iran’s oil facilities on Kharg Island. The conflict has kept energy prices elevated, fueling concerns that sustained increases could further stoke inflation and reinforce a hawkish stance among central banks. The Federal Reserve is widely expected to hold rates steady this week, while other major central banks, including the ECB, BOE, and BOJ are also anticipated to maintain their current policy settings. Meanwhile, President Trump reiterated his call for help from other nations to secure the Strait of Hormuz, although several countries have declined to participate.

Gold rose to 5,007.72 USD/t.oz on March 17, 2026, up 0.02% from the previous day. Over the past month, Gold's price has risen 0.63%, and is up 65.18% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Gold reached an all time high of 5608.35 in January of 2026. Gold - data, forecasts, historical chart - was last updated on March 17 of 2026.

Gold rose to 5,007.72 USD/t.oz on March 17, 2026, up 0.02% from the previous day. Over the past month, Gold's price has risen 0.63%, and is up 65.18% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gold is expected to trade at 5042.03 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 5457.53 in 12 months time.



Price Day Month Year Date
Gold 5,010.14 3.29 0.07% 0.68% 65.26% Mar/17
Silver 80.70 -0.048 -0.06% 4.00% 137.66% Mar/17
Copper 5.72 -0.0675 -1.17% -1.38% 14.97% Mar/17
Steel 3,148.00 4.00 0.13% 3.79% -1.35% Mar/17
Lithium 158,000.00 1500 0.96% 3.95% 110.53% Mar/17
Platinum 2,136.50 41.60 1.99% 1.12% 111.01% Mar/17
Iron Ore 105.34 0.20 0.19% 5.61% 2.95% Mar/16



Related Last Previous Unit Reference
United States Gold Reserves 8133.46 8133.46 Tonnes Dec 2025
Russia Gold Reserves 2326.52 2329.63 Tonnes Dec 2025
Italy Gold Reserves 2451.87 2451.84 Tonnes Dec 2025
India Gold Reserves 880.18 880.18 Tonnes Dec 2025
Germany Gold Reserves 3350.25 3350.25 Tonnes Dec 2025
France Gold Reserves 2437.00 2437.00 Tonnes Dec 2025
China Gold Reserves 2306.30 2303.50 Tonnes Dec 2025
United States Inflation Rate 2.40 2.40 percent Feb 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Feb 2026

Gold
Gold is mostly traded on the OTC London market, the US futures market (COMEX) and the Shanghai Gold Exchange (SGE). The standard future contract is 100 troy ounces. Gold is an attractive investment during periods of political and economic uncertainty. Half of the gold consumption in the world is in jewelry, 40% in investments, and 10% in industry. The biggest producers of gold are China, Australia, United States, South Africa, Russia, Peru and Indonesia. The biggest consumers of gold jewelry are India, China, United States, Turkey, Saudi Arabia, Russia and UAE. The gold prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our gold prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
5007.72 5006.85 5608.35 34.83 1968 - 2026 USD/t oz. Daily

News Stream
Gold Hovers Near 1-Month Lows
Gold edged higher to around $5,020 per ounce on Tuesday but remained close to its lowest level in nearly a month, as traders continued to assess the impact of the Middle East conflict on inflation and monetary policy outlook. The US-Israeli conflict with Iran is now in its third week, with Iran intensifying strikes on energy infrastructure across the region, while President Trump has warned of direct attack on Iran’s oil facilities on Kharg Island. The conflict has kept energy prices elevated, fueling concerns that sustained increases could further stoke inflation and reinforce a hawkish stance among central banks. The Federal Reserve is widely expected to hold rates steady this week, while other major central banks, including the ECB, BOE, and BOJ are also anticipated to maintain their current policy settings. Meanwhile, President Trump reiterated his call for help from other nations to secure the Strait of Hormuz, although several countries have declined to participate.
2026-03-17
Gold Eases at Week's Start
Gold prices eased toward $5,000 per ounce on Monday as cooling energy prices and a slight retreat in the US dollar offset safe-haven demand from the Middle East conflict. Bullion previously faced pressure from a sharp rise in Treasury yields, yet the market is stabilizing after US Treasury Secretary Scott Bessent indicated that Iranian tankers are being allowed to transit the Strait of Hormuz. This development helped West Texas Intermediate crude fall back toward $95 a barrel, supporting a rebound in global equity markets and a decline in the US 10-year Treasury note yield. The persistent safe-haven appeal of gold remains as the US-Israeli war with Iran enters its third week, but the metal faces a technical headwind from the Federal Reserve which is widely expected to maintain a restrictive policy stance this week. Investors are monitoring reports of a potential multinational coalition to escort shipping, as de-escalation could dampen the risk premium.
2026-03-16
Gold Holds Decline as Oil Remains Volatile
Gold held near $5,000 per ounce on Monday after falling for two straight weeks, as oil remained volatile after the US attacked Iran’s main oil-export hub of Kharg Island over the weekend, heightening global supply risks. The strike prompted retaliatory attacks from Tehran on Israel and energy infrastructure across other Arab countries. The US-Israeli war on Iran has now entered its third week with no clear resolution in sight, rattling financial markets. Higher energy prices and mounting inflationary pressures have lowered expectations that the US Federal Reserve and other major central banks will cut interest rates, posing a headwind for non-yielding precious metals. The Fed is widely expected to hold its policy rate steady this week, while central banks in the Eurozone, the UK, Japan, Switzerland, Australia, Canada, China, Brazil, and Russia are also set to decide on monetary policy.
2026-03-15