Gold Plummets Second Day Despite War: Strong Dollar, Rate Cut Doubts Drive Fall

• Gold prices fell for the second consecutive day, dropping below $5,200 per ounce, while silver saw a slight gain.
• A strengthening US dollar made dollar-denominated gold more expensive for investors holding other currencies.
• Reduced expectations for Federal Reserve rate cuts, fueled by rising oil prices and inflation concerns, diminished gold's appeal.
• February's core inflation data met expectations, but the likelihood of a Fed rate cut by March has decreased significantly.
• Experts suggest gold is consolidating between $5,000-$5,300, warning of further declines if $5,000-$5,100 support breaks.