Gold Prices Corrected on Tuesday (31/3) Morning, The Fed Projects Controlled US Inflation
Gold prices corrected on Tuesday (31/3/2026). At 07:00 WIB, the price of gold for June 2026 delivery on the Commodity Exchange was at US$ 4,544.40 per troy ounce, down 0.29% from the previous day’s US$ 4,557.50 per troy ounce.
Gold prices slightly corrected after the Federal Reserve stated that US long-term expectations appear to be under control, despite ongoing tensions in the Middle East.
Quoting Bloomberg, Fed Chair Jerome Powell said that the central bank’s policy is in a good place for us to wait and see, even as oil prices surged, triggering inflationary pressures and speculation of interest rate hikes.
Gold investors took advantage of the price correction when the Iran conflict erupted a month ago to re-enter the market.
However, rising energy costs that trigger inflation and push central banks to raise interest rates will have a negative effect on gold, which does not provide yields.
Gold prices corrected on Tuesday (31/3/2026). At 07:00 WIB, the price of gold for June 2026 delivery on the Commodity Exchange was at US$ 4,544.40 per troy ounce, down 0.29% from the previous day’s US$ 4,557.50 per troy ounce.
Gold prices slightly corrected after the Federal Reserve stated that US long-term expectations appear to be under control, despite ongoing tensions in the Middle East.
Quoting Bloomberg, Fed Chair Jerome Powell said that the central bank’s policy is in a good place for us to wait and see, even as oil prices surged, triggering inflationary pressures and speculation of interest rate hikes.
Gold investors took advantage of the price correction when the Iran conflict erupted a month ago to re-enter the market.
However, rising energy costs that trigger inflation and push central banks to raise interest rates will have a negative effect on gold, which does not provide yields.
