Gold Prices Slip on Stronger US Dollar Friday Morning
Gold prices edged lower in Friday morning trading (March 6, 2026), pressured by a stronger US dollar and shifting expectations for US monetary policy. At 07:43 WIB, spot gold was trading at US$5,079.54 per troy ounce, down 2.76% from the previous session’s level of US$5,082.30 per troy ounce.
The decline in gold prices comes as the US dollar strengthens and expectations grow that the United States may reduce the pace of monetary easing, while geopolitical tensions in the Middle East remain unresolved.
According to Bloomberg, gold weakened as concerns over inflation—driven by rising energy prices—boosted the US dollar and government bond yields. Higher inflation could push the Federal Reserve to maintain its current interest rates or even raise them further to contain price pressures.
“Part of gold’s weakness appears to be driven by a risk-on move triggered by the stock market, particularly during the US trading session, where investors used gold as a source of liquidity rather than questioning its fundamentals,” said Ewa Manthey, commodity strategist at ING Bank.
She added that the pressure on gold prices may ease once the momentum in equity markets fades, suggesting that underlying support for the precious metal remains intact.