Trending Now - Gold Faces Worst Week in Six Years Amid War and Rate Concerns

WHO:

President Trump is mentioned in the context of the economic situation but not directly involved in the gold market.

Hardika Singh, economic strategist at Fundstrat.

Ed Yardeni, Wall Street veteran.

WHAT:

Gold has dropped nearly 10% this week.

This decline puts gold on track for its worst week in 43 years.

Gold's decline since the war began is 13%.

Gold gained 64% in 2025 and hit $5,000 a troy ounce for the first time in January 2026.

Gold traded around $4,570 a troy ounce on March 20th, 2026.

The US dollar is up 2.2% since the Iran war began.

WHERE:

The context of the articles is global, with specific mention of the Middle East and the US.

WHEN:

The articles reference the week of March 20th, 2026.

The Fed held rates steady for the second meeting in a row prior to March 20th, 2026.

Gold's best year since 1979 was in 2025.

WHY:

The war with Iran is disrupting global oil flows and raising fears of prolonged conflict.

Surging energy prices are prompting central banks to rethink interest rate outlooks.

Concerns about inflation are causing central banks to hold rates steady or increase them.

HOW:

Investors are reassessing their holdings due to the dollar's rebound and rising interest rates.

Gold's recent trading behavior has been influenced by retail investors chasing a rally.

(UPDATED March 20, 2026 17:21 UTC)

Today, gold has dropped nearly 10% this week, putting it on track for its worst week in 43 years, with a decline of 13% since the war with Iran began. As of March 20, 2026, gold is trading around $4,570 a troy ounce, a significant drop from its peak of $5,000 earlier this year, while the US dollar has risen by 2.2% amid concerns over inflation and rising energy prices. Economic strategist Hardika Singh and Wall Street veteran Ed Yardeni have noted that investors are reassessing their holdings in light of these developments, particularly as central banks reconsider their interest rate outlooks.