--- title: "The roller coaster turns again! Gold may face the longest consecutive decline in history, with the situation in Iran becoming a \"liquidity magnet.\"" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/280249294.md" description: "Gold prices continue to decline due to uncertainties in the Middle East, having fallen for nine consecutive trading days. If it drops for one more day, it will set a record for the longest consecutive decline in history. The United States' delay in striking Iranian energy facilities has failed to effectively support gold prices, instead leading investors to turn to other assets. High energy prices exacerbate inflation risks, affecting market expectations for Federal Reserve interest rate hikes. Analysts point out that it is not uncommon for gold to experience downward pressure after a panic" datetime: "2026-03-24T03:21:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280249294.md) - [en](https://longbridge.com/en/news/280249294.md) - [zh-HK](https://longbridge.com/zh-HK/news/280249294.md) --- > 支持的语言: [English](https://longbridge.com/en/news/280249294.md) | [繁體中文](https://longbridge.com/zh-HK/news/280249294.md) # The roller coaster turns again! Gold may face the longest consecutive decline in history, with the situation in Iran becoming a "liquidity magnet." According to Zhitong Finance APP, as investors weigh the conflicting statements from various parties regarding the situation in the Middle East, gold prices continue to decline. The United States has delayed its strikes on Iran's energy infrastructure, providing only a brief respite from the sharp decline of this precious metal during wartime. During a period of extreme volatility, gold prices fell by as much as 1.8%, having previously risen nearly 1%. Its movement was roughly in sync with the stock market and showed an inverse relationship with oil prices. U.S. President Trump announced a five-day delay in the strikes he had previously threatened against Iranian power plants, stating that "productive discussions" took place on Monday. However, an Iranian official ruled out the possibility of negotiations, and it is understood that U.S. partners in the Gulf region may join the conflict. The high energy prices resulting from the conflict have increased inflation risks, prompting investors to sell relatively liquid and profitable gold positions in favor of holding other assets. Gold prices fell nearly 2% in the previous trading session, marking the ninth consecutive day of decline; if it falls for a tenth consecutive day, it will set a record for the longest losing streak in history. Despite Trump's announcement of a delay in strikes, the outcome of any negotiations and the future of shipping through the Strait of Hormuz remain uncertain. Even damage to existing energy infrastructure will take time to repair. This means that the threat of inflation persists, and market expectations for interest rate hikes by the Federal Reserve and other central banks have not dissipated, which poses a disadvantage for non-yielding precious metals. Suki Cooper, head of commodity research at Standard Chartered Bank, stated, "The relative weakness shown by gold in this round of correction is more severe than usual." He added, "After a period of extreme panic, it is not uncommon for gold to experience four to six weeks of downward pressure, as gold has proven to be a liquid asset when the market needs it." A similar situation occurred after the outbreak of the Russia-Ukraine conflict in early 2022. At that time, the safe-haven asset gold initially surged, followed by several months of decline as the shockwaves from energy prices affected the market and exacerbated inflationary pressures. Peter Kinsella, global FX strategy head at Union Bancaire Privee UBP SA, stated, "In such a major crisis, you often see investors selling off previously heavily weighted and well-performing assets to meet margin calls on underperforming assets like stocks and bonds." He noted that gold exhibited similar behavior during the global financial crises of 2022 and 2008. "Short-term price movements are mainly related to positions," he said, adding that long-term driving factors have not changed. Although gold prices have fallen nearly 17% from the outbreak of hostilities at the end of February to Monday's close, they had previously experienced a sustained rise supported by geopolitical tensions, trade disputes, and continued central bank purchases. Some countries that have been increasing their gold holdings are energy importers, meaning that the rising oil and gas import bills due to the war have reduced the dollar reserves available for purchasing gold. As of the time of writing, spot gold was down 1.07% to $4,359.80 per ounce. Silver fell 2.4% to $67.49, and platinum and palladium also declined. 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