Trump's Iran War Broke Gold's Safe-Haven Status — Here's What The Last 50 Years Say Happens Next

Gold is down 13% in March, on track for its steepest monthly decline since October 2008, when Lehman Brothers collapsed and global markets were in freefall.
The SPDR Gold Shares (NYSE: GLD) recorded over $8 billion in outflows during the month — more than double its prior largest monthly withdrawal, set in February 2021.
A war is raging in the Middle East. The world’s oldest safe haven is supposed to thrive in exactly this environment — so why isn’t gold working? And what does history say about what comes next after selloffs this violent?
Gold Had Its Worst Month Since 2008 – A Safe Haven That Failed To Show Up

The paradox is the story. Gold entered 2026 among Wall Street’s hottest consensus trades.
Gold had rallied 64.6% in 2025 — the bullion’s best annual return since 1979 — and by late