Gold Snaps 9-Day Rout, Silver Reclaims $70

(MENAFN- The Rio Times) Gold & Silver Daily Report · March 25, 2026 · Covering March 24 Session

Gold Spot $4,480 ▲ +1.6% · 9-day streak snapped H: $4,602 · L: $4,456 Silver Spot $73.20 ▲ +2.9% · $70 reclaimed H: $74.51 · L: $71.05 Brent Crude ~$100 ▲ +4% from Monday Iran denied talks, oil rebounded Diplomacy Watch Day 2/5 Axios: talks as soon as Thu 1

Gold snaps its nine-day losing streak with a 1.6% gain as diplomacy signals intensify. Spot gold rose to ~$4,480, its first positive session since March 12. Trump signalled Iran had offered a "present" related to Hormuz energy flows, and Axios reported high-level peace talks could take place as soon as Thursday. The session confirmed that Monday's $4,100 capitulation low is holding, with buyers stepping in on the dip toward $4,456. Silver surged 2.9% to $73.20, decisively reclaiming the critical $70 level that had been breached during Monday's flash crash.

2

Gold ETFs shed 66.3 tonnes this month - the largest outflow since March 2021. IG International reported the SPDR Gold Trust and iShares IAU fund shrank by 4% and 4.4% respectively since the war began. The SLV silver ETF lost 4.7% of its holdings. Some analysts flagged the possibility that central banks and Gulf sovereign wealth funds - the most consistent buyers of the past two years - may now be tapping reserves for capital preservation rather than accumulating. The structural bid that powered gold from $1,650 to $5,595 is being tested.

3

ANZ draws the 2022 Ukraine parallel - gold fell first, then rallied for months. ANZ analysts noted gold's pattern is consistent with previous extreme shock episodes where "liquidity needs outweigh safe-haven demand in the early stages." SP Angel's John Meyer reinforced the structural case: "G7 budget deficits, sticky inflation, and central bank diversification amid sustained deglobalisation" remain intact. Institutional year-end targets are unchanged: JPM $6,300, Deutsche $6,000, UBS $6,200, SocGen $6,000.

01Session Data

Metric	Value	Chg
Gold Spot Close	~$4,480	+1.6%
Gold Futures (Apr)	$4,471	+1.7%
Silver Spot Close	$73.20	+2.9%
Brent Crude	~$100	+4%
DXY	~99.30	−0.2%
S&P 500	6,556.37	−0.37%
US 10Y Yield	~4.30%	−2bp
Gold/Silver Ratio	61.2	−2.5%

02Market Commentary

Today's gold price today analysis covers the session that ended gold's longest losing streak since 2023. After nine consecutive declines that included the worst week since 1983 and a plunge to the 2026 low of $4,100, gold posted its first gain on Tuesday - rising 1.6% to ~$4,480 on diplomacy signals that are becoming harder to dismiss. This is part of The Rio Times' daily coverage of precious metals and Latin American financial markets.

The session's tone was set by Trump's claim that Iran had offered a "present" as a good-faith gesture related to Hormuz energy flows. Axios added substance by reporting that high-level peace talks could occur as soon as Thursday. The combination provided enough certainty for dip-buyers to step in, pushing gold from the session low of $4,456 to a high of $4,602 before settling. Iran's parliament speaker had called Trump's Monday claims "fake news" on Tuesday morning, but by the late NY session Trump insisted the U.S. is in contact with "the right people." The ambiguity is now the trade: each headline swings gold $50–$100.

Silver's 2.9% surge to $73.20 was the more technically significant move. The white metal reclaimed the $70 level that had been decisively broken during Monday's flash crash to $61.45 - a recovery that negates the bearish breakdown signal. The gold/silver ratio compressed to 61.2, with silver outperforming gold for the second consecutive session, a pattern typically associated with improving risk appetite. Wall Street moved in the opposite direction: the S&P 500 fell 0.37% and the Nasdaq dropped 0.84% as Iran's denial of talks weighed on U.S. equities. Gold and equities are diverging - a sign that precious metals are beginning to trade on their own catalysts rather than in lockstep with risk assets.

03Technical Analysis

Gold (daily): Price closed at $4,551 on the chart's current candle (which includes early Wednesday trade), with the prior session settling near $4,480. The MACD histogram at −53.10 (signal: −78.95, MACD: −132.05) remains negative but is compressing for the third consecutive session - the histogram is less negative each day, a precursor to a bullish crossover. RSI at 43.50 (fast) and 35.69 (slow) is recovering from deeply oversold territory but remains below 50, confirming the rally is still in its early stage. The Bollinger mid-band at $4,613 and the Kijun-sen at $4,686 are the next resistance targets. The 200-day SMA at $4,103 held as support on Monday's capitulation low.

Silver (daily): The close at $73.20 reclaimed the $70 support - the level that held three times before breaking on Monday. The MACD at −1.318/−2.263/−3.581 is also compressing. RSI at 44.05/41.66 is above the oversold extremes of last week but still below 50. The Bollinger mid-band at $75.92 is the immediate resistance target. A close above $74.44 (Kijun-sen) would confirm the recovery is building momentum. The 200-day SMA at $57.80 remains far below.

Gold Support & Resistance

Level	Price	Source
Resistance 2	$4,714	Ichimoku cloud / Senkou Span
Resistance 1	$4,613	Bollinger mid-band
Session Close	~$4,480	March 24, 2026
Support 1	$4,401	Lower Bollinger / Mon close
Support 2	$4,100	Monday's capitulation low / 200-SMA

04Forward Look HIGH-LEVEL TALKS → POSSIBLY THURSDAY (AXIOS)

Axios reported Washington and regional mediators are discussing the possibility of high-level peace talks as soon as Thursday, awaiting Tehran's response. If confirmed, gold could test $4,600–$4,700 on the de-escalation trade. Failure to materialise keeps the $4,100 low in play.

US IMPORT/EXPORT PRICES → WEDNESDAY

Import/export price data will show how the oil shock is feeding through to traded goods inflation. A hot reading would reinforce the hawkish Fed narrative and cap gold's recovery. Soft data would boost rate-cut repricing and support the rebound.

FIVE-DAY CLOCK → 3 DAYS REMAINING (EXPIRES MAR 28)

Trump's strike pause expires Friday. The market is now pricing a ceasefire-or-bust binary: either the talks produce a framework and gold rallies toward $4,800, or the pause lapses and Monday's $4,100 low is retested. Michigan consumer sentiment on Friday will provide the week's final macro read.

05Verdict

Tuesday's 1.6% gain confirmed the nine-day losing streak is broken and the $4,100 capitulation low is holding. Silver's reclaim of $70 negates the bearish breakdown and signals the capitulation wash may be complete. The ETF outflow data (66.3 tonnes, largest since 2021) is the counter-signal - institutional selling has been severe, and the structural central bank bid that underpinned the $1,650-to-$5,595 rally may be pausing as Gulf sovereign funds shift to capital preservation. The contest between structural bulls and tactical sellers will be resolved by the diplomatic timeline.

Bias: CAUTIOUSLY BULLISH - ceasefire-dependent. Gold has bounced $380 from the $4,100 low with the MACD compressing toward a bullish crossover. A close above $4,613 (Bollinger mid) confirms the recovery. Failure to hold $4,401 targets a retest of $4,100. The Axios report of Thursday talks is the week's pivotal catalyst.

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