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The Economic Times

Markets / The Economic Times

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Gold falls more than 1% as Houthi attack lifts oil, dims Fed cut hopes

Gold prices tumbled over 1% as escalating energy costs fueled inflation fears, diminishing hopes for U.S. interest rate cuts this year. The precious metal has seen a significant monthly decline, impacted by a strengthening dollar amid the ongoing conflict. Traders now anticipate no rate reductions due to persistent inflation concerns.

30 Mar 2026 7:16 am