Gold on track for worst month since 2008 as Iran war enters its fifth week

Gold is on track for a 14.6% monthly decline — its largest monthly drop since 2008 — despite edging slightly higher Tuesday morning. The sharp fall, the biggest in almost 17 years, represents significant downside pressure for gold and related assets (miners, ETFs) and reflects negative investor positioning in the metal.

Analysis

Gold is on track for a 14.6% monthly decline — its largest monthly drop since 2008 — despite edging slightly higher Tuesday morning. The sharp fall, the biggest in almost 17 years, represents significant downside pressure for gold and related assets (miners, ETFs) and reflects negative investor positioning in the metal.