Gold fell in price today
Precious metals — 03/09/2026
Gold fell in price. One of the main factors in the fall in metal prices was the strengthening of the dollar, and rising energy prices increased fears about inflation and further worsened the prospects for a reduction in interest rates by the US Federal Reserve in the near future.
According to information, as of 9:34, gold was selling for $5,160.96 per ounce. Thus, 1 gram of metal costs $164.76.
It is noted that the dollar rose to its highest level in more than three months, which made gold more expensive for holders of other currencies. At the same time, the yield on 10-year US Treasury bonds rose to a monthly maximum, which increased the cost of storing gold, which does not bring income.
“Gold is at a disadvantage today, despite the turbulent market, as triple-digit oil prices push the dollar higher on inflation concerns and lower expectations for rate cuts,” explained Tim Water, chief market analyst at KCM Trade.
Crude oil prices jumped more than 20% to above $110 a barrel as the escalation of the US-Israeli war with Iran forced some major Middle Eastern oil producers to cut supplies amid fears of prolonged disruptions to shipping through the Strait of Hormuz.
Investors expect the US Federal Reserve to keep interest rates on hold. Gold typically does well in low interest rates because it does not generate income.
Meanwhile, spot silver held steady at $88.42 an ounce after falling more than 5% earlier in the session. Spot platinum fell 0.1% to $2,133.95 and palladium fell 0.9% to $1,610. #XAU #XAGUSDT实操指南
