Gold Price Trend | Breaks Below $4,400 Experts Warn Against Reckless Buying

SighingCashier · 2026-03-23T06:03:49+00:00

Middle Eastern conflict escalation is causing severe volatility in financial markets, with gold and silver prices plummeting sharply. Gold fell to 4322.06 USD per ounce, while silver prices also experienced significant declines. JPMorgan independent market commentators warn against buying on dips at this time. Trump issued an ultimatum threatening to destroy Iranian power plants, while Iran threatened to blockade the Strait of Hormuz and strike Israeli energy facilities.

SighingCashier

2026-03-23 06:03:49

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As Middle East conflicts escalate, financial markets experience significant volatility. Gold prices, which had surged earlier this year, have been falling sharply. This morning, spot gold prices in Asia dropped more than 4%, repeatedly falling below $4,500 and $4,400 per ounce, reaching a low of $4,322.06.

The latest spot gold price is $4,389.91, down 2.62%.

Spot silver prices briefly fell to $64.84 per ounce, a decline of 6.18%; currently, it is at $66.58, down 3.66%.

Former JPMorgan precious metals trader and now independent market analyst Robert Gottlieb earlier stated, “Don’t buy on dips; the volatility is just too high.” He pointed out that until volatility subsides and prices stabilize, gold may face further sell-offs.

U.S. President Trump posted a “final warning” on social media Saturday (21st), stating that if Iran does not fully reopen the Strait of Hormuz within 48 hours, he will destroy Iran’s various power plants.

Iran’s Revolutionary Guard responded on Sunday, warning that if the U.S. attacks Iran’s power plants and energy facilities, Iran will completely block the Strait of Hormuz. They also said they will target all Israeli power stations, energy, and information technology facilities; companies with U.S. investment in the region will be thoroughly destroyed; and energy facilities in countries hosting U.S. military bases will also become legitimate targets.

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