Gold Dips Below USD4,900

RunWithRugs · 2026-03-21T20:28:42+00:00

Gold prices fell below $4,900 for the first time since January, responding to the Federal Reserve's decision to keep interest rates steady. On Wednesday, gold traded around $4,885, a 2.45% decrease, while silver also dropped by 2.8%.

RunWithRugs

2026-03-21 20:28:42

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(MENAFN) The value of gold dropped below the $4,900 mark on Wednesday for the first time since January 21, following the Federal Reserve’s decision to maintain its benchmark rate.

The US Fed opted to leave its key interest rates unchanged within the “3.5-3.75% range,” aligning with analysts’ expectations.

Gold prices fluctuated between “$4,835.8 and $5,016.45” on Wednesday and were trading around “$4,885 per ounce” as of 1815GMT, representing a 2.45% decrease compared to the previous day.

Earlier in January, gold had reached a record peak, approaching the “$5,600 threshold.”

Similarly, the cost of silver per ounce also declined by 2.8%, settling at “$77.”

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