Mar. 21 at 3:31 PM
🚨 Gold crashes
$450 in a week to
$4,570, worst drop since 1983 as war, rate fears spike
Iran war drives energy surge, central banks signal higher rates; markets now price a possible October hike
Speculation Gulf nations may dump reserves to offset Hormuz oil losses adds pressure
US gold ETFs saw -30 tonnes outflow this week to 3,077 tonnes, marking 3rd straight weekly fall. Total -62 tonnes in 3 weeks, wiping 2026 gains.
$GLD saw -
$6.3B March outflows, biggest since 2013. Overall funds lost -
$4.5B in week ending March 18, worst since October.
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