Why are gold prices falling today?

Gold prices dropped as the U.S. dollar strengthened and traders pushed back expectations for rate cuts. Higher real yields increase the cost of holding non-yielding assets, which pressures bullion. Momentum selling after recent breakdowns likely added to the move. Together, these forces drove a roughly 1.5% decline to about US$4,336 per ounce.

Are the $5,000 to $10,000 targets still realistic?

They are possible over different time frames, not guarantees. Bulls cite steady central bank demand and safe-haven buying to support higher prices. Some banks keep targets near US$5,375 in three months, US$5,000 by year-end, and US$10,000 by decade’s end. The path depends on the U.S. dollar, real yields, and growth-inflation trends.

How does a strong U.S. dollar affect Canadians holding gold?

A stronger U.S. dollar can cushion Canadian returns because unhedged CAD gold exposure benefits from the currency move. Even if spot falls in U.S. dollars, the decline may be smaller in Canadian dollars. Hedged products remove this effect. Know whether your ETF or fund is currency-hedged before making changes.

What is a sensible gold allocation in a Canadian portfolio?

Many diversified plans keep gold in a small single-digit range to diversify equity and bond risk. The right size depends on goals and volatility tolerance. Consider starting small, adding on weakness in stages, and rebalancing to a target weight. Avoid oversizing positions during downtrends or near major technical breakdowns.

Global Market Insights

Gold Today, March 24: Bear Market Deepens as Dollar Jumps; $5k-$10k Calls Hold

ByHuzaifa Zahoor March 25, 2026March 25, 2026

Gold prices slipped about 1.5% to roughly US$4,336 per ounce today, extending a near 21% decline from January’s peak. A stronger U.S. dollar and fading rate-cut hopes triggered more selling. For Canadians, the currency move matters because a firmer greenback can cushion local returns. Strategists still see upside, citing central bank demand and safe-haven buying. We break down today’s pressure, the long-run case, and what gold prices mean for Canadian portfolios now.