Gold and Silver Lose Safe Haven Status as Crude Oil Surge Reworks Market Expectations
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Gold, Silver Sink as Crude Surge Reshapes Market Bets, Safe Haven Status Questioned
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CNBC TV18•19-03-2026, 20:27
Gold, Silver Sink as Crude Surge Reshapes Market Bets, Safe Haven Status Questioned
•Gold and silver prices are under significant pressure despite ongoing geopolitical tensions, with MCX gold futures down 7.52% and silver falling 12.87%.
•The decline is attributed to macroeconomic factors including persistent inflation risks, rising oil prices, and expectations of higher-for-longer interest rates.
•Brent crude has surged over 40% since late February, crossing $100, diverting safe-haven demand towards energy and intensifying inflation concerns.
•The Federal Reserve's stance on interest rates and acknowledgment of oil's inflationary impact have supported bond yields, reducing the appeal of non-yielding assets like gold.
•A stronger US dollar further pressures precious metals, making them more expensive for international investors and dampening demand.
