Gold prices crashed on Monday due to inflation and rate-hike fears. Spot gold traded 4.7 percent lower at $4,279.27 an ounce, after having slumped to a low of $4,099.55 earlier. U.S. gold futures were down 6.4 percent at $4,315.54.
As the Iran war pushes global energy prices higher, it is feared that cost-driven inflation may prompt major global central banks to maintain a hawkish stance in the coming months.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe Now
Market Analysis
Gold Plummets Below $4,300 On Inflation, Rate Hike Jitters
2026-03-23 09:26:52
