ABC Bullion Monthly Market Update - March 2026

Precious metals markets experienced a sharp correction during March, following an extended period of outsized gains that carried through to January 2026. Gold came under significant pressure, falling to an intramonth low of USD $4,097 per troy ounce (oz) before staging a recovery to close at USD $4,695oz, marking its worst monthly performance since October 2008, during the Global Financial Crisis.

Silver mirrored the move, declining 20% over the month to USD $74.90oz, after briefly touching intramonth lows of USD $60.80. The sell-off was broadly anticipated given the rapid price appreciation over the prior twelve months, with rising yields, a stronger US dollar (DXY), delayed rate cut expectations and liquidity-driven positioning amid the Iran conflict weighing on both metals.

The pullback led to another step higher in demand, continuing a period of record new account activations at ABC Bullion, as well as in-store and online trade, and demand for both key physical products as well as our ABC Bullion Gold Saver.

It also provides the ideal backdrop for the release of the ABC Bullion March Monthly Market Update.

With detailed charts on gold, silver and platinum performance, inflation dynamics, commodity prices, comparisons of precious metals markets to risk assets and technical analysis, it is an invaluable resource that helps Australian investors navigate the precious metal market.

Thank you for choosing ABC Bullion

Jordan Eliseo
General Manager, ABC Bullion

Luke Tyler
Market and Business Analyst, ABC Bullion

_{Disclaimer: This document has been prepared by Australian Bullion Company (NSW) Pty Limited (ABN 82 002 858 602) (ABC). The information contained in this document or internet related link (collectively, Document) is of a general nature and is provided for information purposes only.. Although the information and opinions contained in this document are based on sources we believe to be reliable, to the extent permitted by law, ABC and its associated entities do not warrant, represent or guarantee, expressly or impliedly, that the information contained in this document is accurate, complete, reliable or current and accept no liability for any loss or damage relating to any use or reliance on the information in this document. The information is subject to change without notice and we are under no obligation to update it.}