The price of gold has sharply decreased, losing over 8% and reaching its lowest level since November 2025. This marks the largest weekly price drop for this precious metal in the last 43 years.
This is reported by Finway
Price Dynamics of Gold and Other Metals
As of 07:57 GMT, the price of gold fell to $4,203 per ounce, and during the session, it even reached a low of $4,098. For the week ending March 16–20, gold prices dropped by more than 10%, marking the steepest decline since February 1983. The metal’s value has decreased by 25% compared to the January 2026 peak, when gold was valued at $5,594 per ounce. April gold futures in the U.S. fell by 8.1% and traded at $4,205 per ounce.
Reasons for the Decline and Market Situation
“As the conflict with Iran continues into its fourth week and oil prices fluctuate around $100, expectations have shifted from rate cuts to possible increases. This has reduced gold’s appeal in terms of yield,” notes Tim Waterer, chief market analyst at KCM Trade.
The sharp price drop has also affected other precious metals. The spot price of silver decreased by 6.1% to $63.66 per ounce, while platinum fell by 6.4% to $1,799.25—both metals have dropped to their lowest levels since mid-December. Palladium also lost 3.6% in value, now priced at $1,352.75 per ounce.