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$XAUUSD Price Still Under Pressure Despite Trump Delaying Strike on Iran
NEW YORK. Gold prices pared sharp declines early this week after U.S. President Donald Trump delayed plans to attack Iran's energy infrastructure.
Nevertheless, the weakening trend continued as expectations of higher interest rates weighed on the precious metal's appeal.
On Monday trading (3/23/2026), spot gold prices fell 1.8% to US$ 4,407.06 per ounce, after previously plunging more than 8% and touching a four-month low.
On a weekly basis, gold posted its worst performance since 1983. Meanwhile, U.S. gold futures contracts closed down 3.7% at US$ 4,407.30.