---
title: "Gold Holds Decline as Oil Rallies Further"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279174325.md"
description: "Gold remains near $5,000 per ounce after a two-week decline, while oil prices continue to rise following US attacks on Iran's oil-export hub. The ongoing US-Israeli conflict with Iran has unsettled financial markets, leading to higher energy prices and inflation concerns. This has diminished expectations for interest rate cuts by the US Federal Reserve and other major central banks, which are expected to maintain their current policy rates this week."
datetime: "2026-03-15T23:24:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279174325.md)
  - [en](https://longbridge.com/en/news/279174325.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279174325.md)
---

# Gold Holds Decline as Oil Rallies Further

Gold held near $5,000 per ounce on Monday after falling for two straight weeks, as oil continued to rally after the US attacked Iran’s main oil-export hub of Kharg Island over the weekend, heightening global supply risks.

The strike prompted retaliatory attacks from Tehran on Israel and energy infrastructure across other Arab countries.

The US-Israeli war on Iran has now entered its third week with no clear resolution in sight, rattling financial markets.

Higher energy prices and mounting inflationary pressures have lowered expectations that the US Federal Reserve and other major central banks will cut interest rates, posing a headwind for non-yielding precious metals.

The Fed is widely expected to hold its policy rate steady this week, while central banks in the Eurozone, the UK, Japan, Switzerland, Australia, Canada, China, Brazil, and Russia are also set to decide on monetary policy.

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