Gold Prices Plunge to Fastest Decline Since Global Financial Crisis

Gold has fallen about 24. 5% amid Middle East tensions and a stronger dollar, marking its steepest decline since the 2008 financial crisis.

Analysts attribute the slide to heightened geopolitical risk and expectations of higher interest rates in the United States. After peaking at $5,595.

47 in January, the metal dropped to a low of $4,024. 01 last Thursday before stabilising at $4,222.

53 in European markets. The rapid depreciation represents the sharpest yearly fall since the global financial crisis.

Experts suggest investors watch the dollar’s trajectory and regional conflict developments for clues on gold’s next move.