Original Source
Gold and Silver Prices Fall Amid Iran Tensions, Global Stocks Extend Selloff
Escalation of Iran Conflict and Commodity Markets
Gold and silver prices both fell by approximately 6% amid escalating tensions between Iran and the United States. Mark Cudmore of Bloomberg MLIV analyzed that short-term 'capitulation' type price action is occurring in the precious metals market. He noted that while gold has been seen as a safe-haven asset in the context of the Middle East war over the past few weeks, it is now time for profit-taking. Macroeconomic factors such as a stronger dollar and higher yields are also contributing to the decline in gold prices.
Gold Market Outlook and Global Stock Decline
Cudmore stated that in the long term, the demand for gold as an alternative to the dollar and fiat currencies remains valid, but he did not rule out a further 10% decline in the short term. The market is currently experiencing the worst month for global stocks in three and a half years, with European equity futures expected to open down 1.8%. The German DAX is anticipated to bear the brunt of this decline, and U.S. futures are also pointing lower, indicating an overall negative market trend.
*Source: YouTube: Bloomberg (2026-03-23)*
