Gold slides as hawkish Fed and strong US dollar override geopolitical fears

Gold prices have continued to weaken despite escalating tensions in the US-Israel conflict with Iran, breaking from the metal’s traditional role as a geopolitical hedge, as fading expectations of interest rate cuts and a stronger US dollar weigh on sentiment, analysts said. The metal has declined about 15 per cent since a brief surge on March 2, when prices climbed to around US$5,300 per ounce following US and Israeli strikes on Iran. A modest rebound driven by technical buying on Friday did...

By Yeon Woo Lee

Dubai gold prices crash: 22K drops below Dh490 after global sell-off, Eid buyers rush in

Dubai's gold prices have significantly dropped, with 22K gold falling below Dh490 per gram, offering a welcome relief for shoppers ahead of Eid. This decline follows a global sell-off in bullion markets, driven by a stronger US dollar and shifting interest rate expectations. While some buyers are rushing in, others are adopting a wait-and-watch approach, anticipating further price easing.

By TOI World Desk

Gold, silver prices drop to 4-month low amid Iran-US war: Check city-wise rates

Globally, the gold prices slipped more than 2% on Monday, extending their drop to a roughly four-month low.