Gold Has Crashed over 25% Since the US-Iran War Began
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.4 Articles
4 Articles
Gold has lost about 25 percent of its value since the start of the US-Iran war, briefly touching $3,975; gold ETFs drew a record $31 billion in the third quarter.
Gold should have appreciated in times of war and uncertainty. Instead, its price is falling, and investors are deciding whether this is a warning or an opportunity to buy. The safe haven is being challenged by a strong dollar, inflation concerns and higher bond yields. Why is gold losing ground, what can restart its price, and what role should it play in a portfolio?
Gold has crashed over 25% since the US-Iran war began
Gold has suffered a sharp reversal since the US-Israeli war against Iran began on February 28, with bullion prices falling nearly a quarter despite heightened geopolitical uncertainty. Specifically, spot gold was trading at $5,378 per ounce on March 2, the first trading day after the war began on February 28. By press time, the metal had fallen to around $4,021, representing a decline of about 25.3%. Prices had dipped below $4,000 early Monday …
Economist Üzeyir Doğan emphasized that a strong dollar and interest rate forecasts are putting pressure on gold prices, noting that gold has fallen by 25% since the US-Iran War and that the declines could deepen until November 3rd. The article, "Gold has lost 25% of its value since the war! Will the decline continue?", first appeared on HaberX.
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
