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Gold falls after 4-day rally on stronger dollar
Financial Express Chandigarh
|March 04, 2026
GOLD SANK AFTER a four-day rally, as traders weighed the escalating war in West Asia against the prospect of a stronger dollar and elevated inflation.
Bullion fell more than 4.5%, having earlier advanced 1.1%. The conflict in West Asia has already resulted in a spike in energy prices that could trickle into inflation data, raising the likelihood that the Federal Reserve will leave rates unchanged for longer. Higher interest rates typically weigh on nonyielding bullion, as does a stronger dollar.
Silver plummeted as much as 12.8%.
A gauge of the greenback has gained about 1.5% so far this week, while 2-year Treasury yields saw their biggest spike in months on Monday.
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