What happened?
Gold has seen sharp fluctuations in recent weeks. Gold prices hit a record high of US$5,417 an ounce on 3 March 2026, falling below US$4,500 by the end of the month in the sharpest weekly decline in decades as geopolitical tensions in the Middle East escalated. Till March 23, Spot gold is trading around US$4,410Down more than 20% from its recent peak and erasing all of its year-to-date gains. This decline came as several factors became less supportive of gold, including Expectations of higher inflation with rising oil prices and Middle East conflictAnd Low expectations of interest rate cut by the US Federal Reserve. In our last update, We discussed what could happen after the gold rush stops. Since then, the outlook has become more uncertain, and in many Beansprout Community Asked whether this is the end of the bullish trend, or…
