Gold Posts Largest Weekly Decline in 43 Years: 11% Plunge in One Week, Safe-Haven Status Questioned

MarsBitNews · 2026-03-21T03:15:13+00:00

Mars Finance reports that on March 21, influenced by escalating Middle East tensions and interest rate expectations, gold prices fell sharply, marking the largest single-week decline since 1983. Spot gold dropped to approximately $4488 per ounce on Friday, accumulating a weekly decline of about 11%, with a total decline exceeding 15% since the end of February. Market analysis indicates that the Federal Reserve may maintain interest rates unchanged throughout the year, and Powell's remarks on rising inflation have diminished gold's appeal. Meanwhile, against the backdrop of Iran conflict tensions, bitcoin has shown relatively stronger performance, rebounding over 11% during the period, presenting a contrast to gold.

MarsBitNews

2026-03-21 03:15:13

Mars Finance News: On March 21, due to escalating Middle East tensions and interest rate expectations, gold prices plummeted, marking the largest weekly decline since 1983. Spot gold fell to approximately $4,488 per ounce on Friday, with a weekly decline of about 11%, and a total drop of over 15% since the end of February. Market analysis suggests that the Federal Reserve may keep interest rates unchanged this year, and Powell’s comments on rising inflation have weakened gold’s appeal. Meanwhile, against the backdrop of the Iran conflict, Bitcoin performed relatively stronger, rebounding over 11% during this period, contrasting with gold.

BTC0.42%

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