Kathmandu. The war in Iran has changed the century-old thinking about gold. Until now, it was believed that gold shines when disaster strikes the world. However, the price of gold has fallen by 18 percent since the start of the Iran-Iran war. During this period, the market capitalization of gold has decreased by $ 7.3 trillion. <\/p>\n
The price of gold has been falling sharply since last week. It was the worst week for gold since 1983. There has been no improvement in the price of gold this week. Today, the price of gold has fallen by about 5 percent. Its market capitalization has fallen by $ 1.5 trillion. <\/p>\n
Since the start of the Iran war, crude oil prices have risen sharply, surpassing $113 a barrel. <\/p>\n
Why the decline? <\/strong><\/span><\/p>\n Since the start of the Iran war, gold prices have fallen on a weekly basis, while Treasury yields and the US dollar have strengthened. According to a Bloomberg report, investors are selling gold and reinvesting their losses elsewhere. <\/p>\n Gold-backed exchange-traded funds have also seen significant exits. The US central bank, the Federal Reserve, has recently kept the policy interest rate unchanged. It is said that a decision will be taken after the price is reduced. <\/p>\n However, given the rise in crude oil prices, inflation is unlikely to come down at the moment. <\/p>\n At the end of January, the price of gold reached $ 5,600 per ounce. The price of gold initially rose after the start of the war in Iran. Experts say that if the conflict prolongs, the market’s focus will shift from inflation to the risk of a recession. This can once again increase the luster of gold. \u2013Agency<\/p>\n","protected":false},"excerpt":{"rendered":" Kathmandu. The war in Iran has changed the century-old thinking about gold. Until now, it was believed that gold shines when disaster strikes the world. However, the price of gold has fallen by 18 percent since the start of the Iran-Iran war. During this period, the market capitalization of gold has decreased by $ 7.3 […]<\/p>\n","protected":false},"author":16,"featured_media":291874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45044,45159],"tags":[],"class_list":["post-291877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/291877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=291877"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/291877\/revisions"}],"predecessor-version":[{"id":291878,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/291877\/revisions\/291878"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/291874"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=291877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=291877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=291877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}