Gold erases 2026 gains as Iran war sends metals plunging

The metal ended last year at $4,319.37 an ounce and spiked at an all-time high above $5,595 an ounce in late January plummeted over 20% since the Iran conflict began, wiping out all yearly gains during a nine-day losing streak.

This decline is driven by a "dash for cash," with investors liquidating bullion to cover losses or hold liquid currency.
* Surging energy costs have increased the likelihood of Federal Reserve rate hikes, making non-yielding gold less attractive to hold.
* This pattern mirrors historical shocks in 2008 and 2022, where gold initially dropped during liquidity crises before a potential rally.
* Silver tumbled over 10% as institutional investors pulled 11 tons from ETFs, further deepening the broad market selloff.

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Buy The Dip ��
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