Gold posted its worst quarter since 2013, falling 14 to 16% in Q2 alone and roughly 24% overall from January’s record high near $5,600 to just above $4,000 an ounce.
Silver fared worse, tumbling as much as 22% over the same three-month period.
The selloff was driven by the widening war between the U.S. and Iran, rising energy prices, and expectations of further interest rate hikes.
A death cross pattern and options market pessimism signal potential for more downside ahead.
Central banks continue shifting away from dollar holdings, with a net 30% planning to increase gold reserves.
Gold is closing out its worst quarter since 2013, with spot prices trading just above $4,000 an ounce after falling roughly 24% from January’s record high near $5,600. The metal briefly slipped below the psychologically important $4,000 level for the first time since November before stabilizing. Depending on the measure, the quarterly decline runs between 14% and 16%, with year-to-date losses in the 6.5% to 7.5% range. Silver has fared even worse, tumbling as much as 22% over the same three-month stretch.
Read Full Article: https://www.naturalnews.com/2026-07-01-gold-quarter-safe-haven-trade.html
