Gold plunged sharply following its worst weekly performance in four decades, reversing a record rally as rising war risks triggered a flight from safe-haven assets. The move weighed on commodities and heightened volatility across financial markets.
- Gold recorded its worst weekly performance in four decades in March 2026
- China's central bank extended its gold-buying streak to 15 months
- GC=F, the benchmark gold contract, saw a sharp selloff
- CL=F, crude oil futures, exhibited increased volatility
- ^VIX, the CBOE Volatility Index, rose amid heightened risk aversion
- Geopolitical tensions were a key driver of the market shift
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