Strong Dollar, Rising Oil Prices, Gold Poised for Weekly Decline

MarsBitNews · 2026-03-13T08:16:17+00:00

Mars Finance News: On Friday, March 13, New York gold futures fell below $5,100 per ounce, with gold prices set to record a weekly decline this week. A stronger US dollar, rising oil prices, and uncertainty over Federal Reserve policy are pressuring gold prices. Analysts at ANZ stated: "The US dollar is strengthening due to its safe-haven status, particularly as rising oil prices benefit the United States as a net energy exporter. Market concerns about the Federal Reserve's rate-cut path are intensifying, and rising oil prices increase the likelihood of inflation pressures re-emerging." (Jinshi)

MarsBitNews

2026-03-13 08:16:17

Mars Finance News: On March 13th, Friday, New York gold futures fell below $5,100 per ounce, likely marking a weekly decline. A strong dollar, rising oil prices, and uncertainty over Federal Reserve policies have pressured gold prices. ANZ Bank analysts stated, “The dollar has strengthened due to its safe-haven status, especially as rising oil prices benefit the United States as a net energy exporter. Concerns about the Fed’s rate cut path are increasing, and rising oil prices are heightening the risk of inflation re-emerging.” (Jin10)

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