Gold set for worst week in six years as war curbs rate-cut bets
The Economic Times·2026-03-20 11:28
Bullion — little changed near $4,660 an ounce on Friday — is down more than 7% this week, the most since March 2020. Soaring crude, natural gas and fuel prices triggered by the conflict are raising ETMarkets.comThe metal — widely viewed as a haven — has dropped every week since the US and Israel attacked Iran last month. The retreat has come as Treasury yields and the US dollar gained ground, investors sold bullion to cover losses elsewhere, and gold-backed exchange-traded funds posted outflows, with glob ...