Gold prices are heading for their sharpest monthly decline since 2008, despite a modest uptick, as the Iran war reshapes global market dynamics. According to CNBC, spot gold remains down nearly 15 percent for the month, reflecting shifting investor sentiment.
The report said rising oil prices and inflation concerns have strengthened the U.S. dollar and bond yields, reducing gold’s appeal as a safe-haven asset. Analysts noted that investors are moving away from gold as expectations of fewer Federal Reserve rate cuts take hold.
Gold on track for worst month since 2008 as Iran war enters its fifth week https://t.co/X7rlRF7sSw
— CNBC (@CNBC) March 31, 2026
Uncertainty over the conflict continues to influence markets, with President Donald Trump signalling possible diplomatic progress but warning of further strikes if talks fail. Increased military activity in the region has also added volatility.
Experts said recent declines are partly due to profit-taking after strong gains in recent years. While short-term risks remain, some analysts expect gold prices to recover over the longer term as global uncertainties persist.
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TIPP Staff
