The price of gold fell below $4,9 thousand per ounce.

For the first time since February 18, the price of gold futures fell below $4,9 thousand per troy ounce. This is evidenced by data from the Comex exchange.

According to the site, as of 14:40 Moscow time, the precious metal was trading at $4942.3. The decline in quotations accelerated by 14:45 Moscow time and the price reached $4941.1 per ounce.

Simultaneously with gold, the silver market also showed negative dynamics. Futures for this metal for delivery in May 2026 lost more than 1.5% and settled at around $78.68 per ounce, she added.Газета.Ru ".

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Prior to this on March 16, it became known that the price of a troy ounce of gold on March 16 dropped below $5,000 for the first time since February 19. By 02:20 Moscow time, the price of the precious metal was $4,970 per ounce. 10 minutes later, by 2:30 Moscow time, the decline slowed to $4,994 per ounce. The price of gold remains unstable during trading on March 16. Periodically, the precious metal recoups the fall and again exceeds $ 5 thousand, but by 13:14 Moscow time, the price fell to $4977.

On March 2, two days after the start of the Israeli-American operation Lion's Roar against Iran, The Wall Street Journal predicted a rise in the price of gold to a record $6.5 thousand per ounce. It was noted that statements by US President Donald Trump about the possible duration of the escalation in the Middle East played a major role in the potential cost increase.

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