[Iran Crisis] Gold prices fall more than 2% to test the $5,000 level; oil prices surge, intensifying inflation concerns

SocialAnxietyStaker · 2026-03-09T00:31:07+00:00

Gold and silver prices decline, affected by the US-Israel-Iran war and production cuts by oil-producing countries. Oil prices surged above $100, increasing concerns about US inflation and raising the likelihood of prolonged high interest rates or rate hikes. Analysis indicates that if the war ends quickly, gold may rebound; if it continues, the US dollar and Treasury yields will rise, and investors are advised to proceed with caution. Despite price fluctuations, gold has still increased by nearly 20% this year.

SocialAnxietyStaker

2026-03-09 00:31:07

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Gold and silver prices decline. The ongoing conflict between the US, Israel, and Iran shows no signs of ending. Major oil-producing countries cut production, causing oil prices to surge above $100 per barrel. Due to a strengthening dollar and inflation risks, gold prices fell, dropping 2.4% to $5,050, while silver declined 3.4% to $81.67.

The surge in oil prices heightens concerns about inflation in the US and increases the likelihood that the Federal Reserve will keep interest rates unchanged or even raise them for a longer period. Higher borrowing costs and a stronger dollar are generally unfavorable for precious metals.

Marex metals analyst Ed Meir stated in a report that if the conflict ends relatively quickly, the dollar could weaken, and gold prices would rise. If the war drags on, market expectations of rising inflation will push up the dollar and US Treasury yields, reducing the likelihood of rate cuts. He noted, “There are opportunities to buy, sell, or hold,” but currently, the latter is the more advisable course of action.

Although gold prices have experienced volatile swings and the upward momentum has slowed, they have still increased nearly 20% this year.

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