Afghanistan, March 23 -- Gold and silver prices have fallen sharply, losing safe-haven appeal, as investors react to rising interest rates and ongoing geopolitical tensions.
Gold prices recorded one of their sharpest declines in decades, dropping to the lowest level of 2026. Analysts cite Middle East tensions, rising oil prices, and the likelihood of higher global interest rates as key drivers.
Other precious metals also faced steep declines; silver dropped 8.9% to $61.76, platinum fell 9% to $1,749, and palladium decreased 5.2% to $1,330.
On Monday, spot gold fell about 5.8% to $4,226 per ounce, marking its ninth consecutive session of losses. Prices fluctuated between $4,160 and $4,536 during the day, slipping roughly 6% from Friday's ...