Global gold prices are poised to suffer their worst quarter in nearly a decade, driven by a perfect storm of market pressures. Tensions between Iran and the West have fueled concerns over a potential conflict, sending investors flocking to safe-haven assets like gold. Meanwhile, expectations of a Federal Reserve rate hike in the US have strengthened the dollar, making gold more expensive and reducing its appeal to investors. Additionally, the highly anticipated initial public offering (IPO) of SpaceX, one of the world's most valuable private companies, is also weighing on gold prices, as investors redirect their funds to the tech sector. As the market navigates these complex factors, gold prices are likely to continue their downward trend.
Bullion set for worst quarter in almost a decade as Iran war, expectations of US rate rises and SpaceX IPO weigh on price
