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News 24 live: Severe Weather and Gold Prices Impact March 16, 2026

Severe storms are currently moving into the Upstate area of South Carolina and Western North Carolina, posing significant threats to residents. The National Weather Service has warned of damaging straight-line winds, isolated tornadoes, large hail, and heavy rain. Wind gusts of 50-60 mph are expected behind Monday’s cold front, leading to dangerous conditions.

In addition to the severe weather, residents in Western North Carolina can expect morning wind chills in the single digits and teens, further complicating the situation. Chief Meteorologist Chris Justus from WYFF News 4 emphasized the importance of accurate forecasting during such events, stating, “Our goal every day, in every forecast is accuracy.”

Meanwhile, the financial markets are reacting to rising energy prices and inflation concerns, which have led to a decline in gold prices. On March 16, 2026, the MCX gold rate for April futures contracts opened lower by ₹1,225, or 0.77%, at ₹1,57,241 per 10 grams. In Mumbai, the price for 24 karat gold was ₹1,57,090 per 10 grams, while in New Delhi, it was slightly lower at ₹156,740 per 10 grams.

This drop in gold prices comes after a year where gold experienced its strongest bull run since 1979, rising by over 75%. The market’s current volatility reflects ongoing concerns about inflation and economic stability.

As the storms continue to develop, updates will be provided by local news outlets, including WYFF News 4, which has been recognized for its accurate weather forecasts. Bruce Fixman, a representative from the station, noted, “The station that gets the forecast right more than anyone else is Chief Meteorologist Chris Justus and the WYFF News 4 weather team.”

With the combination of severe weather and fluctuating gold prices, residents and investors alike are advised to stay informed. Details remain unconfirmed regarding the full extent of the storm’s impact and any potential further developments in the gold market.