Gold has crashed over 25% since the US-Iran war began
Photo: Finbold
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%. Gold initially rose on safe-haven demand after the war began, but gains faded as threats to energy supplies and shipping through the Strait of Hormuz fuelled concerns about oil prices, inflation and interest rates.
Source: Finbold
