AGE Daily Gold Update

AGE Daily Gold Update presents a recap on today's action in the precious metals markets. View archives.

3/27/2026: Precious metals decouple from global liquidity selloff

Source: Dana Samuelson, American Gold Exchange

Austin — Precious metals gained over 2% on Friday, supported by safe-haven buying, while US equity markets continued their decline lower. Gold, silver, platinum and palladium all moved higher while the DOW, S&P 500 and the NASDAQ all tumbled lower. Today’s price action is one of the first clear market signals that precious metals are decoupling from their recent strong correlation to the broader global liquidity driven selloff that has weighed on most asset classes since the start of the war against Iran.

After Thursday’s NY market close President Trump extended the order to suspend the US bombardment of Iran energy facilities another 10-days until April 6 to allow further communications between Iran and the US to take place. Overnight, however, attacks against Iran by the US and Israel continued with Iran reciprocating. Today Reuters reported that despite the heavy pace of U.S. and Israeli strikes, Iran has demonstrated that it has not run out of weapons. On ?Thursday alone, it fired fifteen ballistic missiles at the United Arab Emirates, along with eleven drones, according to the UAE's Defense Ministry.

With no clear resolution in sight, and rising concerns of deeper U.S. involvement, global markets are pricing in a prolonged conflict. Brent crude surged 3% overnight to just over $110 per barrel. The DOW and S&P 500 fell another 1.5%, while the NASDAQ fell 2.0%. The dollar gained modestly, 27 basis points, to 100.17 on the US dollar index. Yields on the US 10-year treasury were steady at 4.44%.

At the New York spot close: gold surged $134.03 to $4,509.53; silver gained $1.87 to $69.54; platinum rose $34.51 to $1,872.10; and palladium rebounded $49.64 to $1,390.94 an ounce.