Gold Price Falls 1.6% as Profit Taking Accelerates Amid US-Iran Tensions

The Gold Price has seen notable volatility in early 2026 as traders respond to geopolitical tension and shifting economic signals. After hitting elevated levels above $5,200 per ounce, gold recently experienced a 1.6% dip as investors booked profits and the immediate fear factor eased slightly. Despite this decline, gold remains well above the $5,000 mark, reflecting ongoing safe haven demand amid global uncertainty and trade policy confusion.