Gold Today, March 15: Strong Dollar, Fed Risk Weigh on Prices
Gold price today softened as a stronger US dollar and firm US yields pressured bullion ahead of US inflation data and next week’s Fed projections. The US dollar index is back above 100 while 10-year Treasuries hover near 4.3%, raising the opportunity cost of holding gold. Traders in Switzerland also note stable SPDR Gold Shares flows, which signal no major outflows so far. We expect higher volatility into March 17 to 18 as the Fed meeting outlook and PCE inflation shape rate expectations and the path for real yields.
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