Gold plunges below $4,200 for first time since December 2025

2026-03-23 - 08:19

The price of gold saw below $4,200 level on Monday for the first time since December 2025, marking a dramatic reversal from the record highs reached earlier this year. The price of gold, hovering between $4,110 and $4,536 during Monday, is at around $4,120 per ounce as of 0720GMT, down 7.8% from Friday's close. Record decline Last week, the price of gold saw the biggest weekly drop since 1983, decreasing more than 10% as investors reassessed safe-haven assets amid evolving dynamics in the Middle East conflict. In January, the price of gold hit a historical high level nearing the $5,600 threshold; it has now fallen around 26% from its peak level. Silver follows Price of silver per ounce also fell by 8.3% to $62.2, extending losses across precious metals markets. The sharp declines suggest shifting investor sentiment as the US-Israeli war with Iran enters its fourth week. Market context Gold's retreat comes despite ongoing geopolitical tensions, including the effective closure of the Strait of Hormuz and energy price volatility. Analysts attribute the sell-off to profit-taking after the record rally, potential ceasefire signals, and changing expectations about Federal Reserve policy. Brent crude remains elevated above $116 per barrel, but gold has decoupled from energy markets in recent trading.