A surge in geopolitical tension over Iran triggered a sharp reversal in gold prices, erasing gains from the year as investors fled the safe-haven asset. The selloff extended to crude oil and equity markets, reflecting broad-based risk-on sentiment.
- Gold erased all 2026 gains in response to Iran conflict escalation
- China's central bank maintained gold buying streak for 15 months
- Selloff extended to crude oil (CL=F) and equity markets
- VIX index spiked amid heightened market volatility
- Investor sentiment shifted from safe-haven demand to risk-on positioning
- Geopolitical shock triggered broad market repricing across commodities
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