Gold price today, Monday, March 23: Gold falls below $4,300, its lowest price of 2026

Group 1: Gold Price Trends - Gold futures opened at $4,515 per troy ounce, which is 1.3% lower than the previous closing price of $4,574.90 [1] - The gold price fell below $4,250 in early trading, marking a significant decline [1] - The one-year gain for gold was 95.6% as of January 29 [4] Group 2: Influencing Factors - Inflation concerns due to the escalating Iran war have contributed to gold's price retreat, reaching its lowest price in 2026 [2] - The closure of the Strait of Hormuz has disrupted global oil supply, leading to elevated oil prices and potential broader inflation [3] - Higher interest rates, which are expected as a result of rising inflation, typically reduce demand for gold since it does not yield interest [3] Group 3: Gold Price Comparisons - The gold futures price has decreased by 9.7% over the past week and 11.8% over the past month, while showing a year-over-year increase of 48.8% [8]