Gold Slides Despite Geopolitics as Yields Surge
By HDFC SKY | Updated at: Mar 19, 2026 05:20 PM IST
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A hawkish Fed and a five-day exodus from gold ETFs have sent COMEX gold prices plunging to their weakest levels since early February. Despite geopolitical risks, the focus has shifted to ‘higher-for-longer’ interest rates after Federal Reserves recent policy decision. As energy-driven inflation looms, the inflation remains a primary concern for central bankers, keeping the pressure firmly on gold as bond yields climb.
Shor term trend for the yellow metals remains bearish with MCX Gold April Future having support at 142600 and resistance at 152500 per 10 grams.
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