Published: 27 March 2026,07:12
Daily Market Analysis New
Key Takeaways:
*Gold posts fourth consecutive weekly decline
*Rising energy prices fuel inflation concerns and rate hike expectations
*Stronger dollar and higher yields weigh on bullion
Gold prices extended losses for a fourth consecutive week, as rising energy prices intensified inflation concerns and reinforced expectations that global interest rates will remain elevated.
Higher inflation expectations have prompted markets to price in a more prolonged period of monetary tightening, with major central banks expected to maintain restrictive policy stances. Elevated interest rates typically weigh on non-yielding assets such as gold, reducing their relative appeal.
At the same time, the U.S. dollar remained firm, supported by higher Treasury yields. The dollar index — which tracks the greenback against a basket of six major currencies — has continued to gain momentum, adding further pressure on gold prices.
Geopolitical developments have also influenced sentiment. Optimism surrounding recent discussions between the United States and Iran has supported a modest risk-on tone in markets, dampening demand for safe-haven assets.
Donald Trump said the United States would extend a pause on potential strikes against Iran’s energy facilities into April, adding that talks between both sides were progressing “very well.” However, an Iranian official rejected the U.S. proposal as “one-sided and unfair,” highlighting the ongoing uncertainty surrounding negotiations.
Overall, the combination of rising yields, a stronger dollar, and tentative diplomatic progress has kept gold under pressure, although lingering geopolitical risks may continue to provide intermittent support.
Technical Analysis
Gold prices are trading higher after rebounding from the 4,375.00 support level, maintaining a short-term bullish structure.
Momentum indicators remain supportive, with the MACD strengthening and RSI at 54 above the midline, indicating sustained buying pressure.
If momentum persists, gold could extend gains toward 4,590.00, with further upside potential toward 4,865.00.
On the downside, a loss of momentum may lead to a retest of 4,375.00 support, which remains a key near-term floor.
Resistance Levels: 4590.00, 4865.00
Support Levels: 4375.00, 4095.00
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