Commodities

Gold Pares Losses as Dollar Weakens After Trump Remarks on War

Bullion has come under pressure as spiking crude prices stoke inflation fears in the US. — Bullion has come under pressure as spiking crude prices stoke inflation fears in the US.
Photographer: Damian Lemanski/Bloomberg

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By Yvonne Yue Li

March 8, 2026 at 10:35 PM UTC

Updated on

March 9, 2026 at 8:25 PM UTC

Gold pared losses as the dollar pushed lower after US President Donald Trump signaled the US war on Iran could be ending soon.

“I think the war is very complete, pretty much” and the military operation is “very far” ahead of its initial four- to five-week time frame, Trump told CBS News in a Monday phone interview. “They have no navy, no communications, they’ve got no air force,” he said of Iran.