Gold prices tumble as investors, rattled by the Iran conflict, continue to shelter in the dollar | Metals Mine

  • Gold prices tumble as investors, rattled by the Iran conflict, continue to shelter in the dollar

    From morningstar.com

    Oil prices climbed above $100 a barrel on Monday, reaching levels not seen since 2022, as the conflict showed no signs of de-escalating, adding to growing concerns of a lasting supply shock. Gold futures (GC00) (GCJ26) fell $56.90, or 1.1%, to $5,101.80 an ounce, after rising 1.6% on Friday, but lost that same amount last week. That marked the biggest one-week percentage decline since the week ending Jan. 30. Silver prices (SI00) fell 47 cents, or 0.5%, to $83.82 an ounce. Silver lost nearly 10% last week, also marking its worst week since Jan. 30. Investors were flocking to the dollar, with the ICE Dollar Index DXY ... (full story)

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bmun2348
Mar 9, 2026 4:16pm
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Im too old to remember when gold used to be a safe haven in times of war.
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