{"id":70700,"date":"2026-03-06T09:39:26","date_gmt":"2026-03-06T09:39:26","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/03\/06\/gold-headed-for-weekly-loss-as-iran-war-rages\/"},"modified":"2026-03-06T09:39:26","modified_gmt":"2026-03-06T09:39:26","slug":"gold-headed-for-weekly-loss-as-iran-war-rages","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/03\/06\/gold-headed-for-weekly-loss-as-iran-war-rages\/","title":{"rendered":"Gold Headed For Weekly Loss As Iran War Rages"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> Gold edged up on Friday but was on track for the first weekly decline in more than a month, pressured by a stronger U.S dollar and fading rate-cut prospects.<\/p>\n<p>Spot gold edged up by 0.4 percent to $5,102.17 an ounce while U.S. gold futures were up 0.6 percent at $5,107.79.<\/p>\n<p>The dollar declined today but was set for its steepest weekly gain in a year as the Iran war unleashed a fresh wave of uncertainty which <span class=\"landLinks\">markets<\/span> typically dislike.<\/p>\n<p>A cautious undertone prevailed in financial markets as the Middle East war unleashed by U.S.-Israeli attacks on Iran swelled outwards to Cyprus, Sri Lanka, Turkey and Azerbaijan, raising concerns about the outlook for trade, prices and investment. <\/p>\n<p>The U.S. military said it struck an Iranian vessel described as a &#8220;drone carrier.&#8221; Iran said that new inventions are on the wary and it is ready for a long war.<\/p>\n<p>The escalating West Asia conflict resulted in a sharp spike in oil and gasoline prices, threatening to set off convulsions in the world <span class=\"landLinks\">economy<\/span>.<\/p>\n<p>As rate cut expectations fade, investors now eye U.S. retail sales, jobs and wage data later in the day for further direction. <\/p>\n<\/p>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Gold Headed For Weekly Loss As Iran War Rages<\/a><br \/>\n<br \/>2026-03-06 09:39:26<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold edged up on Friday but was on track for the first weekly decline in more than a month, pressured by a stronger U.S dollar and fading rate-cut prospects. Spot&#8230;<\/p>\n","protected":false},"author":2,"featured_media":70701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1585504256855-6718f7a693ae?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=934&q=80","fifu_image_alt":"","footnotes":""},"categories":[28],"tags":[],"class_list":["post-70700","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/70700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=70700"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/70700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/70701"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=70700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=70700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=70700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}