<div id="readability-page-1" class="page"><p>Gold (XAUUSD) is down by 4% on Thursday and has now shed 14% since the start of the U.S.-Iran war on February 28. However, that price action is normal, according to WisdomTree Head of Commodities and Macroeconomic Research Nitesh Shah.</p><h3>Claim 30% Off TipRanks Premium</h3>Forget margin or options. Here's how the pros trade QQQ <p>&#34;Every big geopolitical risk event we've seen in the past, we've seen a bit of gold price downside before it goes up,&#34; Shah told <em>Kitco News</em>, adding that current prices present a &#34;good opportunity to buy.&#34;</p> <h2><strong>Gold Pressured by Falling Interest Rate Cut Odds</strong></h2> <p>The closure of the Strait of Hormuz has raised the risk of higher inflation, sending interest rate cut odds plunging. When the war began, the most favored outcome at 33.7% was for the Fed to cut rates twice this year, according to the CME FedWatch tool. Now, the most likely outcome is for zero rate cuts by year-end with 56.2% odds. In addition, the odds of a 25 bps rate hike have climbed to 33.9% compared to 0% a month ago.</p> <p>Gold tends to benefit from lower rates, as the opportunity cost of holding the precious metal compared to interest-bearing assets goes down. Still, Shah expects the Fed to hold rates instead of raising them and believes that gold could reach $6,000 per ounce in response to persistent geopolitical tensions.</p></div>

<p>Gold prices fell by 4% on March 26, 2026, and have decreased 14% since the U.S.-Iran war began on February 28. WisdomTree's Nitesh Shah noted that such price drops are typical before gold rises during geopolitical tensions, suggesting current prices are a buying opportunity. The closure of the Strait of Hormuz has increased inflation risks, leading to a shift in interest rate cut expectations, with zero cuts now more likely by year-end. Shah anticipates gold could reach $6,000 per ounce amid ongoing geopolitical issues.</p>

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Why Is Gold Down 4% Today, 3/26/26?