Gold Slides Amid Fed Decision to Maintain Interest Rates

RunWithRugs · 2026-03-24T20:46:16+00:00

Gold prices fell below $4,700 following the US Fed's decision to keep interest rates steady. Currently around $4,690, gold has dropped 2.7% since yesterday, while silver decreased by 5.44% to $71.

RunWithRugs

2026-03-24 20:46:16

Abstract generation in progress

(MENAFN) Gold prices slipped below the $4,700 mark on Thursday after the US Federal Reserve decided to keep its benchmark interest rate unchanged, according to reports.

The Fed maintained its rates in the 3.5–3.75% range on Wednesday, in line with market expectations.

On Thursday, gold traded between $4,686.89 and $4,867.12 per ounce, standing at around $4,690 as of 0910GMT, representing a 2.7% drop compared with the previous day.

Earlier in January, gold had reached a record high, approaching the $5,600 level.

Silver also experienced a decline, with its price per ounce falling 5.44% to $71.

MENAFN19032026000045017640ID1110882489

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.