Gold, Silver Prices Slip as Central Banks Eye Key Decisions, Geopolitical Tensions Mount

• Gold and silver prices declined on Monday, March 16, with gold futures falling to $5,005 and silver to $79.605 per ounce on COMEX.
• Prices were pressured by a strong US dollar and investor caution ahead of major central bank policy announcements this week.
• Geopolitical tensions from the Israel-Iran War continue to impact global markets and keep oil prices high, increasing inflation uncertainty.
• Federal Reserve, ECB, and Bank of England are expected to keep interest rates stable, but future policy signals are keenly awaited.
• Analysts foresee continued market volatility; strong dollar and high crude may delay rate cuts, while safe-haven demand offers some support.