Gold prices dropped below $5,050 per ounce on Friday as a strengthening US dollar and fading expectations for interest rate cuts outweighed the traditional safe haven appeal of the precious metal. The dollar strengthened as investors sought liquidity following the announcement of the largest wave of strikes yet against Iranian targets and the effective closure of the Strait of Hormuz. While geopolitical volatility typically drives bullion demand, the threat of persistent inflation from crude oil prices exceeding $100 per barrel has shifted the focus toward yield bearing assets. Market participants have largely discarded the possibility of rate cuts in 2026 as rising energy costs complicate the path toward price stability. This surge in the greenback and Treasury yields has forced liquidations as investors sell gold to cover margin calls and raise cash. The metal is now set for a second straight weekly decline despite the ongoing regional conflict.

Gold fell to 5,022.11 USD/t.oz on March 13, 2026, down 1.12% from the previous day. Over the past month, Gold's price has risen 0.62%, and is up 68.34% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Gold reached an all time high of 5608.35 in January of 2026. Gold - data, forecasts, historical chart - was last updated on March 14 of 2026.

Gold fell to 5,022.11 USD/t.oz on March 13, 2026, down 1.12% from the previous day. Over the past month, Gold's price has risen 0.62%, and is up 68.34% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gold is expected to trade at 5142.41 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 5558.43 in 12 months time.



Price Day Month Year Date
Gold 5,022.11 -57.08 -1.12% 0.62% 68.34% Mar/13
Silver 80.54 -3.283 -3.92% 6.77% 138.47% Mar/13
Copper 5.71 -0.1100 -1.89% -0.84% 17.63% Mar/13
Steel 3,134.00 -4.00 -0.13% 3.33% -4.07% Mar/13
Lithium 159,000.00 1000 0.63% 4.61% 112.42% Mar/13
Platinum 2,042.10 -123.40 -5.70% -0.29% 102.41% Mar/13
Iron Ore 105.14 0.42 0.40% 5.41% 2.23% Mar/13



Related Last Previous Unit Reference
United States Gold Reserves 8133.46 8133.46 Tonnes Dec 2025
Russia Gold Reserves 2326.52 2329.63 Tonnes Dec 2025
Italy Gold Reserves 2451.87 2451.84 Tonnes Dec 2025
India Gold Reserves 880.18 880.18 Tonnes Dec 2025
Germany Gold Reserves 3350.25 3350.25 Tonnes Dec 2025
France Gold Reserves 2437.00 2437.00 Tonnes Dec 2025
China Gold Reserves 2306.30 2303.50 Tonnes Dec 2025
United States Inflation Rate 2.40 2.40 percent Feb 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Feb 2026

Gold
Gold is mostly traded on the OTC London market, the US futures market (COMEX) and the Shanghai Gold Exchange (SGE). The standard future contract is 100 troy ounces. Gold is an attractive investment during periods of political and economic uncertainty. Half of the gold consumption in the world is in jewelry, 40% in investments, and 10% in industry. The biggest producers of gold are China, Australia, United States, South Africa, Russia, Peru and Indonesia. The biggest consumers of gold jewelry are India, China, United States, Turkey, Saudi Arabia, Russia and UAE. The gold prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our gold prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
5022.11 5079.19 5608.35 34.83 1968 - 2026 USD/t oz. Daily

News Stream
Gold Back on the Defensive
Gold prices dropped below $5,050 per ounce on Friday as a strengthening US dollar and fading expectations for interest rate cuts outweighed the traditional safe haven appeal of the precious metal. The dollar strengthened as investors sought liquidity following the announcement of the largest wave of strikes yet against Iranian targets and the effective closure of the Strait of Hormuz. While geopolitical volatility typically drives bullion demand, the threat of persistent inflation from crude oil prices exceeding $100 per barrel has shifted the focus toward yield bearing assets. Market participants have largely discarded the possibility of rate cuts in 2026 as rising energy costs complicate the path toward price stability. This surge in the greenback and Treasury yields has forced liquidations as investors sell gold to cover margin calls and raise cash. The metal is now set for a second straight weekly decline despite the ongoing regional conflict.
2026-03-13
Gold Reclaims Ground After Weak US GDP
Gold prices strengthened to trade above $5,110 per ounce on Friday as investors balanced persistent geopolitical tensions in the Middle East with cooling economic growth in the United States. While crude oil prices continue to fuel inflation fears, the release of revised data showing Q4 2025 GDP growth slowing to an annualized 0.7% has introduced new concerns regarding economic stability. The market currently sees reduced prospects for near term Federal Reserve interest rate cuts as officials weigh the inflationary impact of regional conflict against signs of a cooling economy. Meanwhile, global demand remains a supporting factor with China maintaining its gold buying streak while Indian demand remains subdued due to import duties and price sensitivity.
2026-03-13
Gold Poised for Weekly Loss
Gold edged above $5,080 per ounce on Friday, but still on track for a back-to-back weekly loss, as surging oil prices fueled inflation concerns. President Donald Trump and Iran’s new supreme leader Mojtaba Khamenei issued defiant remarks, with Trump stressing that stopping Iran from acquiring nuclear weapons takes priority over oil price concerns, while Khamenei vowed to keep the strategic Strait of Hormuz closed and warned that Iran could open additional fronts if US and Israeli attacks persist. The tensions pushed energy prices higher, stoking inflation worries and dampening expectations of Federal Reserve interest rate cuts. Markets see no chance of a reduction at next week’s meeting and only about a 70% probability of a cut later this year. Elsewhere, gold discounts in India hit a nearly decade-low this week as weak demand and avoidance of import duties weighed, while China extended gold buying into its 16th consecutive month.
2026-03-13