Gold Price Trends | Safe-Haven Trading Cools Down, New York Gold Futures Drop 4%

SighingCashier · 2026-03-26T18:00:46+00:00

The United States plans to adopt a ground warfare strategy against Iran, triggering market volatility. U.S. stocks fell sharply, and international oil prices rose by over 5%. Precious metal prices declined due to the strengthening dollar, with spot gold dropping to $4,367.32 and silver prices also decreasing. Peace negotiations between the U.S. and Iran have stalled, Tehran has been subjected to airstrikes, and the situation remains tense.

SighingCashier

2026-03-26 18:00:46

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Reports suggest the U.S. is planning a “decisive strike” and may conduct a ground invasion of Iran, causing market volatility. U.S. stocks sharply retreated on Thursday, international oil prices surged over 0.5%, the dollar index approached 100, and precious metals priced in USD weakened. Gold futures in New York fell 4% to $4,370 per ounce, while spot gold briefly dropped 3.09% to $4,367.32 per ounce.

Spot gold currently stands at $4,387.48 per ounce, down $119.05 or 2.64%. Spot silver is at $67.8445 per ounce, down $3.409 or 4.78%, having fallen as much as $6.06 during the day to a low of $66.9345. However, most institutions believe that, amid inflation and geopolitical risks, gold still has medium- to long-term support.

NYMEX crude oil is at $94.95 per barrel, up $5.13; Brent crude is at $102.38 per barrel, up $5.12.

Peace talks between the U.S. and Iran have stalled, and the end of the war remains uncertain. Tehran was again bombed Thursday night, with explosions reported in multiple areas. The Tehran government warned that if a ground invasion occurs, the Strait of Hormuz will be the next battlefield.

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