Key Takeaways SPDR Gold Trust (GLD) sank about 10% as gold logged its worst week since 2011.Rising yields strong dollar weigh on gold despite safe-haven appeal. Long-term outlook bullish; dip may offer entry for risk-tolerant investors. <\/p>\n
Gold prices capped their steepest weekly loss in 15 years as investors assessed the economic fallout from the escalating U.S.-Iran conflict. For the week, gold tumbled 9.6% \u2014 its biggest drop since September 2011 \u2013 and is now on track for its worst monthly performance since October 2008, as quoted on CNBC<\/a>.<\/p>\n Gold bullion-based exchange-traded fund (ETF) SPDR Gold Trust (GLD Quick QuoteGLD<\/a> – Free Report<\/a>) retreated 10.4% last week. Despite the sharp pullback, GLD is up about 3.8% in 2026, reflecting strong gains prior to the Middle East crisis.<\/p>\n War-Driven Volatility and Oil Surge Weigh on Markets<\/p>\n The ongoing conflict has fueled sharp swings across global markets, particularly in commodities. Oil prices surged past $112 per barrel on Friday, intensifying concerns about inflation and economic stability.<\/p>\n Strong Dollar: A Negative for Gold<\/p>\n Note that the U.S. dollar has been gaining amid the current geopolitical tension.\u00a0Invesco DB US Dollar Index Bullish Fund\u00a0UUP<\/a> added 2.2% over the past month (as of Mar. 20, 2026).<\/p>\n Although the U.S. currency underperformed in recent months and is even down about 3% over the past one-year period, the latest rally in the safe-haven currency \u2013 the greenback \u2013 went against the gold rally. Gold is priced in U.S. dollars, and hence any uptick in that currency acts against the yellow metal.<\/p>\n Uptick in U.S. Treasury Yields<\/p>\n Surging oil prices amid the Iran war have heightened concerns about persistent inflation, which could push central banks to keep interest rates elevated. The benchmark U.S. Treasury yield started the month at 4.05% and hit 4.39% on Mar. 20, 2026. Rising Treasury yields are limiting gold\u2019s upside. Higher yields tend to boost the appeal of interest-bearing assets like government bonds, reducing demand for non-yielding assets such as gold.<\/p>\n Overvaluation Concerns?<\/p>\n Gold has experienced a significant rise in recent months, with GLD gaining about 50% over the past year. It is no surprise that some investors are cautious about increasing exposure to bullion, citing overvaluation concerns.<\/p>\n Need for Cash?<\/p>\n During periods of market stress, investors sometimes sell even traditional safe-haven assets to raise cash. After all, at times of heightened uncertainty, cash often behaves like king. Such liquidity-driven selling may temporarily pressure gold prices before the metal regains momentum.<\/p>\n According to Arthur Parish, metals and mining analyst at SP Angel, the recent selloff reflects a sharp reversal of momentum-driven gains seen ahead of the U.S.-Israel strikes on Iran in late February, as quoted on CNBC<\/a>.<\/p>\n He noted that much of the earlier rally has now been \u201ccompletely unwound,\u201d with momentum trades rapidly leaving the market.<\/p>\n What Lies Ahead?<\/p>\n Despite the near-term pressure, major banks remain optimistic about gold\u2019s longer-term prospects. Analysts at JPMorgan Chase expect the metal to climb to around $6,300 per ounce by the end of 2026 (as quoted on CNBC<\/a>), while Deutsche Bank maintains a year-end target near $6,000.<\/p>\n Gold dropped to $4,570 per ounce on Friday (per Trading Economics<\/a>). Hence, these banks\u2019 views suggest a bullish outlook. We suggest investors keep track of oil prices, inflation and bond yield momentum \u2014 factors that could weigh on a gold rally.<\/p>\n Despite short-term volatility, experts suggest that the broader outlook for gold remains tied to structural factors rather than daily market movements. Against this backdrop, investors with a strong stomach for risks may use the current dip as a buying opportunity. Gold ETFs include iShares Gold Trust (IAU Quick QuoteIAU<\/a> – Free Report<\/a>) , SPDR Gold Minishares Trust of beneficial interest (GLDM Quick QuoteGLDM<\/a> – Free Report<\/a>) and abrdn Physical Gold Shares ETF (SGOL Quick QuoteSGOL<\/a> – Free Report<\/a>) .<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways SPDR Gold Trust (GLD) sank about 10% as gold logged its worst week since 2011.Rising yields…\n","protected":false},"author":2,"featured_media":353791,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[2103,287,42,4141,1981,19263,43,19265,19266,19264,13517,17843,5615,1011,17635,5268,40,38,41,39],"class_list":["post-353790","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-financial","tag-financial-planning","tag-headlines","tag-investing","tag-investment","tag-investment-advice","tag-news","tag-online-investment","tag-online-stock-trading","tag-online-trading","tag-quote","tag-quotes","tag-stock","tag-stock-market","tag-stock-quotes","tag-stocks","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/353790","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=353790"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/353790\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/353791"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=353790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=353790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=353790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}