The momentum trades of 2026 are breaking with gold, silver and South Korea down big
CNBC·2026-03-03 15:30
TOPSHOT - A saleswoman adjusts gold jewellery for sale at a shop in Lianyungang, in China's eastern Jiangsu province on December 24, 2025. (Photo by AFP via Getty Images) / China OUTThis year's hottest trades — gold, silver and South Korea — are down big amid fears the war in Iran could go on for longer than expected. Here are the moves. Gold prices slide: Spot gold was last down more than 5% to $5,041.81 per ounce, with gold futures dropping 5% to $5,049. They're still up more than 16% this year. Silver pr ...