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As on : 16-Mar-2026

Other Markets - Bullion Markets
16-Mar-2026 14:38

Gold rally cools as inflation risks delay rate cuts

Gold prices slipped below the key $5000 per ounce level as rising energy costs and persistent inflation concerns dampened expectations of interest rate cuts from major central banks. The Federal Reserve is widely expected to keep rates unchanged this week, with several global central banks also set to announce policy decisions. Geopolitical tensions remain elevated after the US struck Iran's main oil-export hub at Kharg Island, triggering retaliatory attacks from Tehran and raising fears of wider disruptions to energy infrastructure in the region. Meanwhile, US President Donald Trump said Washington is in talks with several countries to secure shipping through the Strait of Hormuz, while warning that further strikes remain possible. On the domestic front, MCX April gold futures fell nearly 2%, slipping below Rs 160000 per 10 grams as global prices faced pressure from reduced rate cut expectations.

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