$XAUUSD Gold Price Falls on Thursday ( 19/3 ) Morning, The Fed Reminds of Inflation Hike Threat

Gold price fell during Thursday ( 19/3/2026 ) morning trading. According to Bloomberg, at 07:33 WIB, the $XAUUSD price for April 2026 delivery at the Commodity Exchange was at US$ 4,843.20 per troy ounce, down 1.08% from the previous day which was at US$ 4,896.20 per troy ounce.

Gold price declined after The Fed maintained its benchmark interest rate, and Federal Reserve Chair Jerome Powell reminded that rising energy prices will drive overall inflation.

According to Bloomberg, Federal Reserve officials maintained their benchmark interest rate in the March 226 policy meeting and projected one rate cut this year as they acknowledged increasing uncertainty due to the war in the Middle East.

The Fed said that they are watching risks from both sides of their dual mandate, namely to maximize employment and maintain stable inflation.

"Powell somewhat pulled back his statement which turned out not to be as harsh as feared, but more focused on the dual mandate that keeps interest rates tight for a longer period," said Nicky Shiels, head of metals strategy at MKS PAMP SA as cited by Bloomberg.

"That didn't help after the much larger decline earlier today that has damaged confidence."

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