Last week was the worst since October 2008. But gold enthusiasts should take this slump in stride.
Gold Prices Keep Falling
Herisau, 26.03.2026 (PresseBox) - Advertisement/Advertising - This article is distributed on behalf of Mayfair Gold Corp. and U.S. GoldMining Inc., with whom SRC swiss resource capital AG has paid IR advisory agreements. Publisher: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: March 26, 2026, 3:15 p.m. Zurich/Berlin ·
Most central banks have recently left interest rates unchanged, such as the Fed. The Fed thus took its second pause in a row. Last year, the U.S. Federal Reserve cut interest rates three times. Regarding the interest rate outlook, the Fed indicated that it is maintaining the option to cut rates by a quarter point in the course of 2026. Uncertainties persist due to high oil prices. And geopolitical tensions are on the rise. Warnings have been issued about rising inflation risks. The Reserve Bank of Australia (RBA) was an exception, raising rates for the second consecutive time to 4.1 percent. Increased uncertainty surrounding the conflict in the Middle East could heighten global and domestic inflation risks, according to the RBA.
Global gold ETFs saw outflows, while Chinese investors continued to increase their holdings of gold ETFs. Bond yields have now risen significantly, and some believe a rate hike by the Fed is possible. Additionally, the US dollar showed strength. All of this has caused the price of gold to fall. Apparently, many do not consider that gold functions better as a safe haven than the US dollar. If the Middle East conflict drags on - which is not at all foreseeable at this point - the economy could stagnate, and industrial costs and inflation could rise. In that case, gold should regain its appeal as a hedge.
However, if the Strait of Hormuz does reopen soon, investors could regain confidence in gold and start betting on it again. Interest rate hikes by the Fed are highly unlikely. After all, U.S. debt is enormous and rising steadily. If stagflation were to occur?that is, inflation combined with economic stagnation?this is generally positive for higher gold prices.
Mayfair Gold - https://www.commodity-tv.com/ondemand/companies/profil/mayfair-gold-corp/ - holds a 100% interest in the Fenn-Gib Gold Project in the Timmins region of northern Ontario. A pre-feasibility study for the project has been available since January 2026. According to the company, the current resource comprises 181.3 million tons containing 4.313 million ounces of gold in the ?Indicated? category at 0.74 g/t. Mayfair has set a target of beginning construction in 2028 and starting initial production in 2030. Results are currently available for 36 of the 56 drill holes from the 2025 grade control program. These results are preliminary but, according to the company, indicate a potential positive deviation in the high-grade zone. This makes the wait all the more exciting until all data and QA/QC checks are available.
U.S. GoldMining - https://www.commodity-tv.com/ondemand/companies/profil/us-goldmining-inc/ - focuses on gold and copper. The company owns the promising Whistler Project (100 percent) in Alaska, which hosts significant gold and copper resources. Drilling has demonstrated the potential for new gold-copper porphyry deposits there, and the preliminary economic assessment for the Whistler Project has been very positive.
Current company information and press releases from Mayfair Gold (- https://www.resource-capital.ch/en/companies/mayfair-gold-corp/ -) and U.S. GoldMining (- https://www.resource-capital.ch/en/companies/us-goldmining-inc/ -)
Further information is also available in our new Precious Metals Report at the following link: https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-11-update/
Sources: Mayfair Gold, U.S. GoldMining
https://www.gold.org/goldhub/gold-focus/2026/03/weekly-markets-monitor-testing-golds-resolve;
https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-11-update/
In accordance with Section 85 of the German Securities Trading Act (WpHG) in conjunction with Article 20 of Regulation (EU) 2016/958 (MAR), we hereby disclose that authors/employees/affiliated companies of SRC swiss resource capital AG may hold positions (long/short) in issuers discussed. Remuneration/relationship: IR contracts/advertorial: Own positions (author): none; SRC net position: less than 0.5%; issuer's stake in SRC ? 5%: no. Update policy: no obligation to update. No guarantee for the translation into German. Only the English version of this news release is authoritative.
Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly draw attention to the risks involved in securities trading. No liability can be accepted for any damage arising from the use of this blog. We would like to point out that shares and, in particular, warrant investments are generally associated with risk. The total loss of the capital invested cannot be ruled out. All information and sources are carefully researched. However, no guarantee is given for the accuracy of all content. Despite the utmost care, I expressly reserve the right to errors, particularly with regard to figures and prices. The information contained herein comes from sources that are considered reliable, but does not claim to be accurate or complete. Due to court rulings, the content of linked external sites is also our responsibility (e.g., Hamburg Regional Court, in its ruling of May 12, 1998 - 312 O 85/98), as long as we do not expressly distance ourselves from them. Despite careful content control, I assume no liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of SRC swiss resource capital AG, which is available at https://www.resource-capital.ch/de/disclaimer-agb/, applies additionally.
Most central banks have recently left interest rates unchanged, such as the Fed. The Fed thus took its second pause in a row. Last year, the U.S. Federal Reserve cut interest rates three times. Regarding the interest rate outlook, the Fed indicated that it is maintaining the option to cut rates by a quarter point in the course of 2026. Uncertainties persist due to high oil prices. And geopolitical tensions are on the rise. Warnings have been issued about rising inflation risks. The Reserve Bank of Australia (RBA) was an exception, raising rates for the second consecutive time to 4.1 percent. Increased uncertainty surrounding the conflict in the Middle East could heighten global and domestic inflation risks, according to the RBA.
Global gold ETFs saw outflows, while Chinese investors continued to increase their holdings of gold ETFs. Bond yields have now risen significantly, and some believe a rate hike by the Fed is possible. Additionally, the US dollar showed strength. All of this has caused the price of gold to fall. Apparently, many do not consider that gold functions better as a safe haven than the US dollar. If the Middle East conflict drags on - which is not at all foreseeable at this point - the economy could stagnate, and industrial costs and inflation could rise. In that case, gold should regain its appeal as a hedge.
However, if the Strait of Hormuz does reopen soon, investors could regain confidence in gold and start betting on it again. Interest rate hikes by the Fed are highly unlikely. After all, U.S. debt is enormous and rising steadily. If stagflation were to occur?that is, inflation combined with economic stagnation?this is generally positive for higher gold prices.
Mayfair Gold - https://www.commodity-tv.com/ondemand/companies/profil/mayfair-gold-corp/ - holds a 100% interest in the Fenn-Gib Gold Project in the Timmins region of northern Ontario. A pre-feasibility study for the project has been available since January 2026. According to the company, the current resource comprises 181.3 million tons containing 4.313 million ounces of gold in the ?Indicated? category at 0.74 g/t. Mayfair has set a target of beginning construction in 2028 and starting initial production in 2030. Results are currently available for 36 of the 56 drill holes from the 2025 grade control program. These results are preliminary but, according to the company, indicate a potential positive deviation in the high-grade zone. This makes the wait all the more exciting until all data and QA/QC checks are available.
U.S. GoldMining - https://www.commodity-tv.com/ondemand/companies/profil/us-goldmining-inc/ - focuses on gold and copper. The company owns the promising Whistler Project (100 percent) in Alaska, which hosts significant gold and copper resources. Drilling has demonstrated the potential for new gold-copper porphyry deposits there, and the preliminary economic assessment for the Whistler Project has been very positive.
Current company information and press releases from Mayfair Gold (- https://www.resource-capital.ch/en/companies/mayfair-gold-corp/ -) and U.S. GoldMining (- https://www.resource-capital.ch/en/companies/us-goldmining-inc/ -)
Further information is also available in our new Precious Metals Report at the following link: https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-11-update/
Sources: Mayfair Gold, U.S. GoldMining
https://www.gold.org/goldhub/gold-focus/2026/03/weekly-markets-monitor-testing-golds-resolve;
https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-11-update/
In accordance with Section 85 of the German Securities Trading Act (WpHG) in conjunction with Article 20 of Regulation (EU) 2016/958 (MAR), we hereby disclose that authors/employees/affiliated companies of SRC swiss resource capital AG may hold positions (long/short) in issuers discussed. Remuneration/relationship: IR contracts/advertorial: Own positions (author): none; SRC net position: less than 0.5%; issuer's stake in SRC ? 5%: no. Update policy: no obligation to update. No guarantee for the translation into German. Only the English version of this news release is authoritative.
Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly draw attention to the risks involved in securities trading. No liability can be accepted for any damage arising from the use of this blog. We would like to point out that shares and, in particular, warrant investments are generally associated with risk. The total loss of the capital invested cannot be ruled out. All information and sources are carefully researched. However, no guarantee is given for the accuracy of all content. Despite the utmost care, I expressly reserve the right to errors, particularly with regard to figures and prices. The information contained herein comes from sources that are considered reliable, but does not claim to be accurate or complete. Due to court rulings, the content of linked external sites is also our responsibility (e.g., Hamburg Regional Court, in its ruling of May 12, 1998 - 312 O 85/98), as long as we do not expressly distance ourselves from them. Despite careful content control, I assume no liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of SRC swiss resource capital AG, which is available at https://www.resource-capital.ch/de/disclaimer-agb/, applies additionally.
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