Gold Price Plummets: War Impact Triggers Massive Drop, Reaching One Lakh Per Tola
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Gold Prices Plummet Despite War: Why is the Safe Haven Asset Falling?
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News18•18-03-2026, 22:58
Gold Prices Plummet Despite War: Why is the Safe Haven Asset Falling?
•Gold prices are unexpectedly falling despite intensifying war in West Asia, surprising investors.
•Rising crude oil prices and inflation are prompting central banks to maintain high interest rates, making bonds and fixed deposits more attractive than gold.
•The strengthening US dollar is drawing investor trust, making gold more expensive for other currency holders and reducing demand.
•Large investors are cashing in profits after gold reached all-time highs, leading to increased selling pressure.
•Uncertainty surrounding US Federal Reserve interest rate decisions is causing investors to adopt a wait-and-watch approach, impacting gold investments.
