Why is the gold price falling despite geopolitical tension?

Macro forces dominate. The US 10-year yield near 4.4% lifts real yields, while a stronger dollar raises the global cost of bullion. Forced deleveraging and stop-outs added mechanical selling. Safe-haven demand can return, but during stress, investors often raise cash first, which temporarily weighs on the gold price.

How do rising US 10-year yield and dollar strength affect gold?

A higher US 10-year yield increases real yields, reducing the appeal of non-yielding assets. A stronger dollar also makes gold more expensive for non-dollar buyers. Together they pressure the gold price and can trigger systematic selling, especially when technical levels break and liquidity thins.

What should Singapore investors watch on the gold price chart?

Track recent swing lows and the 50-day and 200-day moving averages. Look for stabilization, such as closes back above broken levels with improving momentum. Also watch USD/SGD, since currency moves affect local costs. Consider staggered buys to spread timing risk if volatility remains high.

Why did silver prices drop more than gold?

Silver is more volatile due to its industrial demand and thinner liquidity. When gold weakens, silver often moves further in the same direction. During this rout, deleveraging and wider spreads amplified selling, pushing silver prices down over 10% while the gold price fell about 8.8%.

Global Market Insights

Gold Today, March 24: 9-Day Slide as Yields Spike, Dollar Bites

ByDanny Kontos March 24, 2026March 24, 2026

The gold price extended a nine-day slide today, with losses reaching about 8.8% as the US 10-year yield hovered near 4.4% and the dollar strengthened. Silver prices also tumbled, down more than 10% during the rout. Forced deleveraging and stop-outs hit leveraged longs, adding to intraday swings. For Singapore investors, the move raises near-term volatility for bullion, SGX-listed ETFs, and retail products priced off global benchmarks. We break down what is driving the drop, why safe-haven demand is muted, and how to approach the gold price chart now.