Gold Drops Over 22%, Enters Bear Market As Inflation And Oil Surge Pressure Prices

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Gold has plummeted into a bear market, shedding over 22% from its January record highs, as soaring oil prices tied to the escalating U.S.-Iran conflict trigger fears of persistent inflation and an increasingly hawkish Federal Reserve.

The Safe-Haven Paradox

The precious metal hit an all-time high of $5,589 per ounce in January. However, at the last check, gold was trading at $4,357.29, down 22.12% from the record, marking a historic sell-off.

Independent researcher at Ash & Seed Press, Shanaka Anslem Perera, noted the paradox: the war caused oil to spike above $112, which fanned inflation. Brent crude futures currently remain elevated near $107.86, while WTI sits at $98.81.

BREAKING: Gold just had its worst week since 2011. Down nearly 10 percent. On track for its worst month since October 2008. The metal that is supposed to be the ultimate safe haven during war just crashed during the biggest military conflict since Iraq 2003.

The price hit an… https://t.co/Z511Ug6XfY pic.twitter.com/vufnnghvfW

— Shanaka Anslem Perera ⚡ (@shanaka86) March 23, 2026

Fed Holds Steady Amid Oil Shock

Responding to the persistence of inflation, the Federal Open Market Committee maintained …

Full story available on Benzinga.com

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