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Gold, silver rates today: Comex gold slides $64/oz; silver drops $1.5 as rising dollar caps safe-haven demand

Gold and silver prices dropped on 12 March, influenced by a strong US dollar and reduced expectations of interest rate cuts. The Israel-Iran conflict escalates, impacting crude oil prices, with Iran targeting energy infrastructure.

Mar 12, 2026 &03361212202631; 16:36 UTC www.livemint.com Trending 4/5

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Negative for markets

Sentiment score: -65/100

Moderate impact Short-term (days)

WHAT THIS MEANS

Gold and silver prices declined significantly on March 12 due to a strengthening US dollar and diminished expectations for Federal Reserve rate cuts, which reduced safe-haven demand. The escalating Israel-Iran conflict is pressuring crude oil prices upward as Iran targets energy infrastructure.

AI CONFIDENCE

85% Very high

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

↓

Gold Futures

GC=FCommodity

Expected to decline

Comex gold declined $64/oz due to strong US dollar appreciation and reduced rate cut expectations weakening safe-haven demand

↑

Oil (WTI Crude)

CL=FCommodity

Expected to rise

Crude oil prices rising due to escalating Israel-Iran geopolitical tensions and Iranian targeting of energy infrastructure

↓

Euro / US Dollar

EURUSDCurrency

Expected to decline

US dollar strengthening against euro, reducing precious metals appeal for non-USD holders

↑

US Dollar / Yen

USDJPYCurrency

Expected to rise

US dollar gaining strength as rate cut expectations diminish, supporting USD/JPY upside

PRICE HISTORY

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⚡ SUGGESTED ACTION

Short precious metals on dollar strength while monitoring crude oil for further upside on geopolitical developments. Consider energy sector exposure as hedge against Middle East tensions, but watch for demand destruction if oil prices spike excessively.

KEY SIGNALS

Strong US dollar headwind for gold and silverReduced Fed rate cut expectationsGeopolitical risk premium in crude oilSafe-haven demand weakening despite conflict escalationEnergy infrastructure vulnerability in Middle East

SECTORS INVOLVED

CommoditiesEnergyPrecious Metals

Analysis generated on Mar 16, 2026 at 17:01 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by Livemint. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Gold, silver rates today: Comex gold slides $64/oz; silver drops $1.5 as rising dollar caps safe-haven demand

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