Gold Price Tumbles 10% This Week, Experts Warn Against Rashly Buying the Dip

SighingCashier · 2026-03-22T19:09:37+00:00

Gold prices fell sharply due to Middle East conflicts and rising energy prices, with a cumulative weekly decline of 10.5% last week, marking the largest single-week drop since 1983. Investors sold gold to offset losses in other assets, while expectations for interest rate cuts have also weakened.

SighingCashier

2026-03-22 19:09:37

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March 23, 2026

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Gold Prices Drop 10%: Experts Warn Against Panic Buying

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Middle East conflicts have driven up energy prices and weakened market expectations for rate cuts. After soaring earlier this year, gold prices plummeted last week, with a weekly decline of 10.5%. According to Bloomberg, this may be the largest weekly drop since 1983. Since the US and Israel launched attacks on Iran last month, gold—widely regarded as a safe-haven asset—has been declining weekly. Investors are selling gold to offset losses in other assets, and global gold ETF holdings have already given back gains made earlier this year.

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