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Dissecting what really happened – and what didn’t – during gold’s Iran War selloff – World Gold Council
March was the weakest month for gold in nearly 13 years, but the selloff was driven by deleveraging and liquidity dynamics amid the Iran war shocks, not a breakdown in fundamentals, and while promising signs are emerging for the yellow metal, short-term risks remain, according to the World Gold Council (WGC). In their latest gold market commentary, WGC analysts dissected gold’s slide last month to determine what went wrong for the precious metal – and what didn’t. “Gold fell 12% in March to US$4,608/oz, its weakest month since June 2013,” they wrote. “Gold lost value in all major currencies, but remains ... (full story)