Gold Declined 10% Over Two Weeks on Rising Oil Prices and Interest Rate Pressure: Is the Safe-Haven Case Still Valid?

From cruxinvestor.com

Gold's recent price action reflects a structural shift in how institutional markets interpret geopolitical risk, with direct implications for portfolio positioning. As of March 23, 2026, gold trades at $4,440.32 per ounce, down 13.61% over the prior month despite sustained Middle East tensions that would historically have supported prices. The asset remains up 47.53% year-over-year, indicating the longer-term structural bid is intact while short-term behavior is now governed by a different set of inputs. The mechanism operates through a four-stage transmission channel: geopolitical conflict elevates oil prices, ... (full story)