Gold Logs Worst Month in Years: What April Could Bring Next
Gold experienced its steepest monthly loss in years in March 2026, but analysts predict a potential rebound in April due to geopolitical factors.Summary
Gold closed March 2026 with a significant decline, losing over 11% and ending an eight-month winning streak. This marked the worst monthly performance for gold since 2008, despite increased crude oil prices following US-Israeli strikes. Experts attribute the downturn to a misinterpretation of the impact of energy prices on Federal Reserve rate hikes. However, gold prices have begun to recover in early April, with some analysts, like Peter Schiff, identifying a likely bottom and predicting a strong month ahead. The Kobeissi Letter also noted a signal similar to one preceding a substantial rally in late 2023. While the outlook is largely positive, geopolitical and macroeconomic conditions will continue to be crucial factors influencing gold's performance.
(Source：BeInCrypto)