Goldify Pro
Live Gold Rates & Tools
On this day — March 11, 2021
Thursday — a normal trading day. Weekly US initial jobless claims publish at 8:30 AM ET on Thursdays, occasionally producing intraday gold movement.
Day 70 of 365 · Q1 2021 · 19.2% through the year
March 2021 gold market: Gold bottoms as yields peak
BearishThe year's low, set as the yield spike climaxed.
Gold slid to its 2021 low around $1,680 in early March as 10-year yields peaked near 1.75%. Once the yield surge stalled, the metal stabilised and clawed back toward $1,715 into month-end.
What drove gold in March 2021
- 10-year yields peaking near 1.75%
- strong US stimulus passage
- firm dollar
- fading safe-haven demand
Key events in March 2021
- Mar 8Gold touches ~$1,680, its low for the year
What happened next
With yields topping out, gold rebounded steadily through the spring.
For gold buyers
March's low near $1,680 marked the bottom of gold's post-2020 correction — a level buyers would not see again that year.
Related months to read