Global gold prices have plummeted to a 40-year low — Reuters
The global precious metals market is experiencing a historic upheaval due to the sharp drop in the price of gold to a four-month low.
The pace of the price decline has been the most dramatic since 1983, forcing leading financial analysts to urgently revise their forecasts for the current year.
According to Reuters, as of this morning, the price stood at $4,203 per ounce.
During trading, the price fell even lower—to $4,098, indicating extremely high volatility in the asset.
In just the past week, from March 16 to 20, gold lost more than 10% of its value. This drop was recognized as the fastest in the last four decades, undermining the metal’s reputation as a stable instrument for preserving capital.
Compared to the peak levels of January 2026, when the price per ounce reached $5,594, the asset has depreciated by a quarter.
This trend indicates a fundamental shift in sentiment among major investors, who are exiting gold assets en masse.
Analysts note that the speed of the decline in value reflects the market’s disappointment with the concept of gold as a “safe haven.”
Against the backdrop of global changes, investors are increasingly favoring more dynamic and profitable financial instruments.
Tim Waterer, chief analyst at KCM Trade, attributes this situation to the ongoing conflict surrounding Iran.
Tensions in the region have persisted for four weeks now, directly impacting the global economy and the energy sector.
Oil prices are currently hovering around $100 per barrel, which is altering expectations regarding central banks’ monetary policy.
Instead of the previously predicted interest rate cuts, the market is preparing for a possible rate hike.
As a reminder, gold prices fell below $4,500 per ounce for the first time since February.
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