20.03.2026 10:21
Tensions in the Middle East and the Fed's interest rate decision led to a sharp decline in gold and silver; gold lost $362 in one day, and gram gold lost 523 lira in value.
The increasing tension in the Middle East and the Federal Reserve's (Fed) interest rate decision have changed the balances in global markets. Following the rising oil prices, there were sharp declines in gold and silver.
GOLD DROPPED 362 DOLLARS IN ONE DAY
Gold started Thursday at 4,867 dollars and then sharply fell to 4,505 dollars. Thus, gold lost 362 dollars in one day. As for the new day, gold began with a recovery trend and was trading at 4,698 dollars as of 08:49 in the morning.
LOSS OF 523 LIRA IN GRAM GOLD
The decline in gold ounces was also reflected in domestic markets. Gram gold fell from 6,934 lira to 6,411 lira on Thursday. The daily loss reached 523 lira, while gram gold was trading at 6,695 lira in the morning session.
SILVER PRICES ALSO PLUMMETED
The wave of selling in precious metals also affected silver. Silver ounces dropped below 70 dollars, falling to 65.62 dollars. In the morning hours, it recovered and rose to 73.03 dollars.
FED KEPT INTEREST RATE UNCHANGED, GAVE "HAWKISH" MESSAGE
The Fed kept the policy interest rate unchanged in the range of 3.5–3.75 percent, in line with expectations. After the decision, Fed Chairman Jerome Powell stated that inflation remains high and emphasized that there would be no interest rate cuts without a lasting improvement in inflation.
Powell's "hawkish" tone messages increased selling pressure in the markets, accelerating the decline in gold and silver.