--- title: "Federal Reserve's inflation warning crushes precious metals: Gold is at risk of falling below $4,800, silver declines for six consecutive days" type: "News" locale: "en" url: "https://longbridge.com/en/news/279691956.md" description: "The Federal Reserve warns that the Middle East war and soaring energy prices may trigger inflation, causing gold to risk falling below $4,800, while silver declines for the sixth consecutive day. After plummeting nearly 4% in the previous trading session, gold stabilized, closing after hours at $4,823.90 per ounce, and silver at $75.42. The Federal Reserve kept interest rates unchanged, with Chairman Powell stating that maintaining rates at a slightly restrictive level is crucial. Market expectations for a Fed rate cut have weakened due to heightened inflation concerns stemming from the escalation of the Iran war and rising energy prices" datetime: "2026-03-19T00:22:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279691956.md) - [en](https://longbridge.com/en/news/279691956.md) - [zh-HK](https://longbridge.com/zh-HK/news/279691956.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/279691956.md) | [繁體中文](https://longbridge.com/zh-HK/news/279691956.md) # Federal Reserve's inflation warning crushes precious metals: Gold is at risk of falling below $4,800, silver declines for six consecutive days Zhitong Finance APP noted that due to the escalation of the Iran war leading to a surge in oil prices, silver recorded its sixth consecutive trading day of decline, while gold prices stabilized after plummeting nearly 4% in the previous trading day. This was preceded by a warning from the Federal Reserve about the inflation risks posed by the Middle East war and soaring energy prices. In after-hours trading, gold and silver were reported at $4,823.90 and $75.42 per ounce, respectively. The Federal Reserve announced that it would maintain interest rates in the range of 3.5%-3.75% (in line with expectations). Federal Reserve Chairman Jerome Powell stated that it is crucial to keep interest rates at a mildly restrictive level. The Fed added a new phrase to its policy guidance, stating that the impact of the Middle East conflict on the economy is "uncertain." On Wednesday, Powell made a rare statement regarding his future at the Federal Reserve following an investigation by the Department of Justice. He stated that he has no intention of resigning from his position until the investigation is concluded. Powell indicated that if his successor is not confirmed before his term ends in May, he will serve as acting chairman—a temporary position granted by the Federal Reserve when the chairman's position is vacant. The Department of Justice's investigation has raised concerns about political interference in the Federal Reserve, undermining market confidence in U.S. assets and supporting gold prices. ![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260319/1773876493521571.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) Oil supply shocks exacerbate inflation concerns, putting pressure on gold The escalation of the Iran war has led to soaring energy prices, coupled with a 0.7% month-on-month increase in the U.S. Producer Price Index (PPI) in February, which was higher than expected. Precious metals had previously experienced significant declines. This has intensified speculation in the market that the Federal Reserve will delay interest rate cuts this year. The developments in the Middle East on that day—including the attack on Iran's massive South Pars gas field and Iran's subsequent attack on the world's largest liquefied natural gas (LNG) plant located in Qatar—led to a broad sell-off of risk assets, including stocks, forcing some investors to sell their gold holdings for cash. Eva Manzi, a commodity strategist at ING, stated in a report that the sharp decline in precious metals "looks like a cross-asset position adjustment." She noted, "Crude oil is reacting to supply risks, while the decline in gold may be due to profit-taking and broad liquidation by investors in the context of a sell-off in risk assets, along with a strengthening dollar and real yields." ### Related Stocks - [Zijin Mining (601899.CN)](https://longbridge.com/en/quote/601899.CN.md) - [Kinross Gold Corporation (KGC.US)](https://longbridge.com/en/quote/KGC.US.md) - [ZHONGJIN GOLD (600489.CN)](https://longbridge.com/en/quote/600489.CN.md) - [Gold.com (GOLD.US)](https://longbridge.com/en/quote/GOLD.US.md) - [SD-GOLD (600547.CN)](https://longbridge.com/en/quote/600547.CN.md) - [Newmont Corporation (NEM.US)](https://longbridge.com/en/quote/NEM.US.md) - [Agnico Eagle Mines Limited (AEM.US)](https://longbridge.com/en/quote/AEM.US.md) - [iShares MSCI Global Silver&Mtls Mnrs ETF (SLVP.US)](https://longbridge.com/en/quote/SLVP.US.md) - [Direxion Daily Jr Gld Mnrs Bull 2X ETF (JNUG.US)](https://longbridge.com/en/quote/JNUG.US.md) - [SPDR® Gold Shares (GLD.US)](https://longbridge.com/en/quote/GLD.US.md) - [SPDR GOLD TRT (02840.HK)](https://longbridge.com/en/quote/02840.HK.md) - [VanEck Junior Gold Miners ETF (GDXJ.US)](https://longbridge.com/en/quote/GDXJ.US.md) - [Direxion Daily Gold Miners Bull 2X ETF (NUGT.US)](https://longbridge.com/en/quote/NUGT.US.md) - [ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF (159562.CN)](https://longbridge.com/en/quote/159562.CN.md) - [iShares Gold Trust (IAU.US)](https://longbridge.com/en/quote/IAU.US.md) - [SPDR GOLD TRT-R (82840.HK)](https://longbridge.com/en/quote/82840.HK.md) - [Roundhill Gold Miners Weeklypay ETF (GDXW.US)](https://longbridge.com/en/quote/GDXW.US.md) - [US Global GO GOLD and Prec Mtl Mnrs ETF (GOAU.US)](https://longbridge.com/en/quote/GOAU.US.md) - [ChinaAMC Gold ETF (518850.CN)](https://longbridge.com/en/quote/518850.CN.md) - [Direxion Daily Gold Miners Bear 2X ETF (DUST.US)](https://longbridge.com/en/quote/DUST.US.md) - [iShares MSCI Global Gold Miners ETF (RING.US)](https://longbridge.com/en/quote/RING.US.md) - [iShares Silver Trust (SLV.US)](https://longbridge.com/en/quote/SLV.US.md) - [YieldMax Gold Miners Opt Inc Strgy ETF (GDXY.US)](https://longbridge.com/en/quote/GDXY.US.md) - [abrdn Physical Silver Shares ETF (SIVR.US)](https://longbridge.com/en/quote/SIVR.US.md) - [EFUND GOLD MI ETF (02824.HK)](https://longbridge.com/en/quote/02824.HK.md) - [Sprott Junior Gold Miners ETF (SGDJ.US)](https://longbridge.com/en/quote/SGDJ.US.md) - [Global X Gold Explorers ETF (GOEX.US)](https://longbridge.com/en/quote/GOEX.US.md) - [EFUND GOLD MI-R (82824.HK)](https://longbridge.com/en/quote/82824.HK.md) - [VanEck Gold Miners ETF (GDX.US)](https://longbridge.com/en/quote/GDX.US.md) - [abrdn Physical Gold Shares ETF (SGOL.US)](https://longbridge.com/en/quote/SGOL.US.md) - [Sprott Gold Miners ETF (SGDM.US)](https://longbridge.com/en/quote/SGDM.US.md) - [Sprott Active Gold & Silver Miners ETF (GBUG.US)](https://longbridge.com/en/quote/GBUG.US.md) - [SPDR GOLD TRT-U (09840.HK)](https://longbridge.com/en/quote/09840.HK.md) - [Direxion Daily Jr Gld Mnrs Bear 2X ETF (JDST.US)](https://longbridge.com/en/quote/JDST.US.md) - [EFUND GOLD MI-U (09824.HK)](https://longbridge.com/en/quote/09824.HK.md) ## Related News & Research - [This ETF has given investors a golden opportunity](https://longbridge.com/en/news/279130171.md) - [Klondike Gold (CVE:KG) Trading Down 6.4% - Time to Sell?](https://longbridge.com/en/news/279651800.md) - [Geopolitical Risks From Iran War Grow](https://longbridge.com/en/news/279331842.md) - [SNAPSHOT-Vietnam dong, gold rates - March 19](https://longbridge.com/en/news/279714508.md) - [LaFleur Minerals Bolsters Executive Team and Announces Webinar to Present Positive PEA for Beacon Gold Mill Restart | LFLRF Stock News](https://longbridge.com/en/news/279278436.md)