held rates steady<\/a> on Wednesday and cited “uncertain” impacts arising from the conflict. The Bank of Japan also held interest rates steady, noting that inflation risks now are tilted to the upside due to the Iran war.<\/p>\n![\"How](\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/03\/108279944-1773867029700-Jeff.jpg\")
<\/p>\n
A series of central banks in Europe, including those of the U.K. and the euro zone, are due to update their respective monetary policies later on Thursday. <\/p>\n
Switzerland’s central bank also flagged the war in Iran as it announced its decision to hold its key policy rate at 0%. The Swiss National Bank said its willingness to intervene in the foreign exchange market was rising as the war dragged on. <\/p>\n
Paul Surguy, managing director\u00a0and head of investment management and proposition at Kingswood Group, told CNBC in an email on Tuesday that gold has been “the beneficiary of a fair tailwind for some time,” but that the broader backdrop may be encouraging investors to rethink their holdings of the metal. <\/p>\n
“Global markets have seen broad selloffs as investors search for the quickest assets to sell, perhaps we are now seeing the next leg of this phase where the perceived safe haven assets are sold to fund purchases of those that may have overacted to the current situation,” he said. <\/p>\n
“With airspace and shipping lanes also closed the transmission of gold will also now be more expensive, or even impossible \u2014 worth remembering that in buying the ultimate safe haven asset you are holding something physical \u2014 which needs to be in possession in order to truly offer that safety.”<\/p>\n
Iain Barnes, CIO at British wealth management firm Netwealth, told CNBC that increased gold price volatility reflects the precious metal’s wider inclusion as a popular financial asset across investment portfolios.<\/p>\n
“Financial, rather than fundamental investors are the marginal buyers of gold and we see them reducing risk across the board,” he said in an email. “This is especially true for fast-moving, leveraged funds which are faced with higher borrowing costs.”<\/p>\n
Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Gold and silver joined a broad sell-off on Thursday, with the metals shedding 2% and 5.5%, respectively, as…\n","protected":false},"author":2,"featured_media":347123,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[147304,158432,158360,159141,147302,941,357,150772,147305,150771,55842,22814,42,87,147303,169381,135053,64251,190,9504,43,159142,2972,55841,116963,77035,40,38,41,39,1032,150424,147307],"class_list":["post-347122","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-gc26j","tag-lco26k","tag-ng26j","tag-si26k","tag-agnico-eagle-mines-ltd","tag-breaking-news-markets","tag-business-news","tag-first-majestic-silver-corp","tag-franco-nevada-corp","tag-global-x-silver-miners-etf","tag-gold-us-dollar-spot","tag-gold-comex-dec25","tag-headlines","tag-iran","tag-ishares-gold-trust","tag-ishares-msci-global-gold-miners-etf","tag-ishares-silver-trust","tag-lp","tag-markets","tag-newmont-corporation","tag-news","tag-pan-american-silver-corp","tag-prices","tag-silver-us-dollar-spot","tag-silver-comex-sep25","tag-spdr-gold-shares","tag-top-news","tag-top-stories","tag-topnews","tag-topstories","tag-united-states","tag-united-states-oil-fund","tag-wheaton-precious-metals-corp"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/347122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=347122"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/347122\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/347123"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=347122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=347122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=347122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"hide](\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\")
<\/p>\n