Silver Rises Over 120% YTD 
US gold futures and spot prices have moved back in line after President Trump reassured markets that imported bullion will not face US tariffs. Last week, a surprise ruling from US Customs caused futures prices on COMEX to spike over $100 above London spot prices. Trump’s post, “Gold will not be Tariffed!” helped narrow the gap to about $50, calming traders. Industry leaders welcomed the statement but stressed that only a formal decision will give the gold market complete certainty.
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Gold Is Down 14% in March. Inflation Isn’t Done Yet.
Gold dropped 14% in March — its worst month since 2008. Gas prices surged. Aluminum hit a two-year high. And the OECD now sees inflation running nearly twice the Fed’s forecast. Here’s what’s driving markets and what it means heading into Q2.
March 31, 2026
