Gold has its worst month since 2008 recession — why the Iran war is hitting metals
New York Post·2026-03-31 16:34
Gold is on track for its worst monthly decline since 2008 as a historic energy supply shock amid the Iran war spooks investors who were hoping for interest-rate cuts.Spot prices are poised for a drop of 14.6% in March – the largest monthly fall since October 2008, when gold plummeted 16.8% during the Great Recession.Gold futures had jumped 1.9% to $4,646.10 an ounce as of about 12:15 pm ET Tuesday, while the Dow Jones Industrial Average rose 514 points, or 1.1%, on news President Trump believes the Iran war ...