Gold prices tumble 11% after breaching $5,000 amid Iran war and rate fears

6 articles · Updated · The Wall Street Journal · Apr 29

Gold surged 65% in 2025, but has dropped nearly 11% since the Iran war began, with first-quarter global demand at 1,231 metric tons and jewelry demand falling 23%.
Rising oil prices and inflation fears are reinforcing expectations of higher interest rates, making gold less attractive compared to interest-bearing assets and prompting profit-taking and ETF outflows.
Despite the correction, underlying demand remains firm, driven by Asian investors and central banks, though high prices continue to suppress jewelry demand and may limit ETF inflows if rates stay elevated.

What hidden risks might investors face if they increase gold allocations amid ongoing global uncertainty?

What are the potential long-term consequences for the jewelry industry with gold prices at historic highs?

Are recent gold price swings a prelude to even more volatility as geopolitical risks and supply shocks mount?

If oil prices surge further due to the Iran conflict, could gold prices break new records—or has the rally peaked?

With gold prices correcting after a record rally, is the era of gold as the ultimate safe haven coming to an end?

How will the rise of AI and technology-driven demand impact gold’s value and supply in the coming years?