Commodities
Home›Commodities›Precious Metals›Gold falls sharply since start of Iran conflict as dol…
Gold falls sharply since start of Iran conflict as dollar firms
Gold slid by more than 20% from its January record around $5,500 per ounce to about $4,160 by late July, despite gold’s usual role as a hedge during geopolitical stress.
Gold has sold off sharply since the Iran conflict began in late February, dropping from about $5,274 per ounce to roughly $4,160 by late July, according to Yahoo Finance. The article notes gold reached an all-time high around $5,500 in January 2026, after which the trend shifted downward.
Yahoo Finance attributes the decline to a mix of geopolitical tension and a strong U.S. dollar, saying the price fell by more than 20% in the period. It also points to trading cycles that have affected sector prices over recent months.
The outlet highlights central bank buying as a potential support, referencing claims that earlier selling headlines were exaggerated. It cites commentary from David Han, founder of AIStockWire.com, saying newer tracking indicates central banks are back to buying around 50 tons per month.
While the article says gold’s year-over-year performance remains positive, up about 20%, it frames the current weakness as tied to the ongoing U.S.-Iran conflict and the dollar’s strength, which it says have outweighed gold’s typical safe-haven appeal.
Yahoo Finance also links higher oil prices during the conflict to market dynamics that have shaped gold trading, though the excerpt provided cuts off as it discusses the rest of that relationship.
Latest closeGold $4,055.70 ▲0.2%