US EditionGold Just Saw Its Worst Week in Decades. This Is How the Iran War Is Contributing.
Gold fell about 11% this week, its largest weekly drop since 1983, due to Fed rate expectations, a stronger US dollar, and disruptions from the Iran war, analysts said.
- This week, gold plunged 11%, its largest weekly loss since 1983, while prices dipped below $4,500 on Friday, erasing gains from the prior two months.
- The US Federal Reserve held rates steady midweek, and traders are pricing in no further rate cuts this year, raising bond yields and opportunity costs for gold.
- Dollar indices have rebounded nearly 2% since the war began, the US dollar index rebounded this month weighing on gold as bullion-backed ETFs recorded outflows exceeding 60 tons.
- Investors have sold into the rally as gold is now down more than $500 since the recent Iran conflict, erasing a large part of its 2025 surge.
- Central banks globally are altering rates as surging energy prices from the Iran war prompt reassessment of policy and traders are pricing in no further rate cuts this year.
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20 Articles
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Gold just saw its worst week in decades. This is how the Iran war is contributing.
Gold, traditionally seen as a "safe haven" when it comes to investment, had its worst week since 1983 amid uncertainty stemming from the Iran war. The war’s impacts have already been seen in surging oil and gas costs, with prices hovering around and above $100 a barrel. On Friday, they went to $112 for a barrel of Brent crude. Now, this week, gold dropped 11%, closing around $4,497 per ounce as of Friday afternoon. The week started off at $5,02…
Gold prices have fallen by 10 percent since the beginning of the Iran war. Is gold losing its glory as a safe investment?
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Gold just had its worst week since 1983
New York (CNN) — The war with Iran is disrupting global oil flows, damaging energy infrastructure and raising fears of prolonged conflict. But gold, usually considered a safe haven during periods of economic uncertainty, has slumped.
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