The decline capped gold’s steepest weekly fall since 1983. Silver fell more than 10% at one point during trading before paring losses. Spot gold was down 5.7% at $4,249.71 per ounce as of 08:12 a.m. London time, while silver fell 4.5% to $64.93. Platinum and palladium also declined, while the Bloomberg Dollar Spot Index, a measure of the greenback’s strength, rose 0.3%. Gold’s 14-day relative strength index, a momentum measure, continued to fall below the 30-point threshold that some traders view as signalling oversold conditions.

Source: Daily News Egypt March 23, 2026 13:56 UTC