--- title: "Why Is Gold Down 4% Today, 3/26/26?" type: "News" locale: "en" url: "https://longbridge.com/en/news/280677762.md" description: "Gold prices fell by 4% on March 26, 2026, and have decreased 14% since the U.S.-Iran war began on February 28. WisdomTree's Nitesh Shah noted that such price drops are typical before gold rises during geopolitical tensions, suggesting current prices are a buying opportunity. The closure of the Strait of Hormuz has increased inflation risks, leading to a shift in interest rate cut expectations, with zero cuts now more likely by year-end. Shah anticipates gold could reach $6,000 per ounce amid ongoing geopolitical issues." datetime: "2026-03-26T18:57:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280677762.md) - [en](https://longbridge.com/en/news/280677762.md) - [zh-HK](https://longbridge.com/zh-HK/news/280677762.md) --- # Why Is Gold Down 4% Today, 3/26/26? Gold (XAUUSD) is down by 4% on Thursday and has now shed 14% since the start of the U.S.-Iran war on February 28. However, that price action is normal, according to WisdomTree Head of Commodities and Macroeconomic Research Nitesh Shah. ### Claim 30% Off TipRanks Premium Forget margin or options. Here's how the pros trade QQQ "Every big geopolitical risk event we've seen in the past, we've seen a bit of gold price downside before it goes up," Shah told _Kitco News_, adding that current prices present a "good opportunity to buy." ## **Gold Pressured by Falling Interest Rate Cut Odds** The closure of the Strait of Hormuz has raised the risk of higher inflation, sending interest rate cut odds plunging. When the war began, the most favored outcome at 33.7% was for the Fed to cut rates twice this year, according to the CME FedWatch tool. Now, the most likely outcome is for zero rate cuts by year-end with 56.2% odds. In addition, the odds of a 25 bps rate hike have climbed to 33.9% compared to 0% a month ago. Gold tends to benefit from lower rates, as the opportunity cost of holding the precious metal compared to interest-bearing assets goes down. Still, Shah expects the Fed to hold rates instead of raising them and believes that gold could reach $6,000 per ounce in response to persistent geopolitical tensions. ### Related Stocks - [AEM.US](https://longbridge.com/en/quote/AEM.US.md) - [KGC.US](https://longbridge.com/en/quote/KGC.US.md) - [NEM.US](https://longbridge.com/en/quote/NEM.US.md) - [600547.CN](https://longbridge.com/en/quote/600547.CN.md) - [SGDM.US](https://longbridge.com/en/quote/SGDM.US.md) - [NUGT.US](https://longbridge.com/en/quote/NUGT.US.md) - [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [IAU.US](https://longbridge.com/en/quote/IAU.US.md) - [RING.US](https://longbridge.com/en/quote/RING.US.md) - [GLDM.US](https://longbridge.com/en/quote/GLDM.US.md) - [FGDL.US](https://longbridge.com/en/quote/FGDL.US.md) - [SGDJ.US](https://longbridge.com/en/quote/SGDJ.US.md) - [GOAU.US](https://longbridge.com/en/quote/GOAU.US.md) - [GOEX.US](https://longbridge.com/en/quote/GOEX.US.md) - [JNUG.US](https://longbridge.com/en/quote/JNUG.US.md) - [AAAU.US](https://longbridge.com/en/quote/AAAU.US.md) - [GDXY.US](https://longbridge.com/en/quote/GDXY.US.md) - [GDX.US](https://longbridge.com/en/quote/GDX.US.md) - [GDXW.US](https://longbridge.com/en/quote/GDXW.US.md) - [UGL.US](https://longbridge.com/en/quote/UGL.US.md) - [GDXJ.US](https://longbridge.com/en/quote/GDXJ.US.md) - [GLTR.US](https://longbridge.com/en/quote/GLTR.US.md) - [GDXU.US](https://longbridge.com/en/quote/GDXU.US.md) - [159562.CN](https://longbridge.com/en/quote/159562.CN.md) - [GDE.US](https://longbridge.com/en/quote/GDE.US.md) ## Related News & Research - [Mapping the Market: Gold approaches potential crossroads](https://longbridge.com/en/news/288047765.md) - [PRECIOUS-Gold slips for second session as investors weigh Middle East tensions](https://longbridge.com/en/news/287744932.md) - [LIVE MARKETS-Gold’s pain trade seen as temporary as record highs beckon](https://longbridge.com/en/news/287950597.md) - [PRECIOUS-Gold sinks to 2-month low as US-Iran tensions stoke inflation fears](https://longbridge.com/en/news/287850262.md) - [Americas Gold and Silver Announces Agreement with Affiliate of Royal Gold to Settle Fixed Gold Delivery Obligation | USAS Stock News](https://longbridge.com/en/news/287620016.md)