Gold Rally Pauses Amid Geopolitical Tensions

RunWithRugs · 2026-03-17T11:34:18+00:00

Gold prices remain sluggish amid geopolitical tensions and rising oil volatility, with investors favoring liquidity and high yields. Despite an initial surge at the onset of the Iran conflict, gold has not rallied as expected, even with inflation concerns rising.

RunWithRugs

2026-03-17 11:34:18

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(MENAFN) Gold prices have struggled to gain momentum despite escalating geopolitical tensions and volatility in oil markets. Investors are prioritizing liquidity and high-yield assets while awaiting clearer signals on US monetary policy.

Gold briefly surged above $5,400 per ounce at the start of the Iran conflict but retreated to around $5,100. Meanwhile, Brent crude briefly hit $119.50 per barrel due to supply disruptions through the Strait of Hormuz, highlighting rising inflation concerns. Despite these factors, gold has not seen the typical sharp rally linked to geopolitical crises.

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