Gold corrects while Bitcoin holds steady

Gold is losing the luster it had built up last year. While the price of Bitcoin remained above $70,000 for most of the now protracted conflict in Iran, precious metals in general have declined in value since the start of the bombings in the Middle East.

The price of an ounce of gold saw the longest downward trend in a century over the past few weeks. This is paradoxical for what is normally considered the ultimate ‘safe haven’ investment.

1920

After a 65% rise in 2025, and an all-time high of just over $5,600 in late January 2026, the price of an ounce of gold (approximately 31.1 grams of pure metal) has fallen by nearly 18% in these past few weeks.

Gold dropped to $4,550 on March 25, 2026 (after even reaching a brief low of nearly $4,100 on March 23, 2026).

A volatility we haven’t seen in gold for a very long time, especially not on the downside.

Historical data shows that the dollar-denominated price of an ounce of gold has fallen for ten consecutive days, which makes it the longest losing streak in more than a century. The previous performance of this kind was recorded in February 1920.

Bitcoin, which succumbed to gold (and especially silver) last year, is performing much better this time round.