Gold prices tumbled a teeny tiny 0.5% in early Asian trading on April 7, wobbling near $4,640 per ounce while the US-Iran kerfuffle kept everyone biting their nails.
March was a right nasty month for gold. It took the steepest nosedive since October 2008-over 13%! That’s like a gymnast forgetting her routine after eight glorious months of perfect flips.
Even a Gold Catastrophe Can’t Stop the Trading Circus
The tumble kicked off after the US and Israel poked Iran with some strikes on February 28, which made oil prices leap like a caffeinated kangaroo.
“Gold’s March meltdown wasn’t just because people stopped loving it as a safe place to stash their coins. No, sir! The real mischief came from macro shenanigans: a galloping US dollar, yields leaping at the month’s end, and the Fed doing the cha-cha with expectations after Iran’s oil shock,” scribbled EBC’s latest article with the seriousness of a headmaster chasing a missing schoolboy.
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But don’t get your knickers in a twist-traders are still buzzing. The Kobeissi Letter reported daily trading volumes averaging a jaw-dropping $361 billion in 2025. That’s enough gold to make Scrooge McDuck blush.
Over-the-counter haggling and exchange volumes jumped to $180 billion and $174 billion per day, while exchange-traded shenanigans shot up to $7 billion. Gold is now the life of the financial party, outshining US Treasury Bills, EUR/GBP, and even the Dow Jones-talk about showing off!
Apple, Nvidia, and Tesla together barely scraped $26 billion per day in 2025. Gold, in comparison, is practically throwing a glittering parade, nearly tripling its 2021 average of $134 billion daily.
“Gold market activity is surging at a record pace,” the post crowed, probably with a megaphone and a trumpet fanfare.
Central banks didn’t miss out on the fun either. The World Gold Council reported net acquisitions of 19 tonnes after a timid January. Better than a slump, but still shy of the 26-tonne monthly average of 2025. Still, gold remains the golden child of global finance.
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2026-04-07 13:26