'Gulf War III' pushes gold into bear market with no end in sight
Gold prices have entered a bear market, falling 20 percent from their record high earlier this year. The decline is attributed to higher US bond yields, a stronger US dollar, and a surging US stock market. Experts suggest that the future of gold prices may hinge on the outlook for US interest rates and ongoing geopolitical tensions in the Middle East.
- ▪Gold prices have dropped to around $US4,500 an ounce after peaking at $US5,597 in January.
- ▪The bear market for gold is characterized by a decline of 20 percent or more from its peak.
- ▪Higher bond yields and a strong US dollar have diminished gold's appeal as an investment option.
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Plummeting gold price impacts Australian dollar as Iran war pushes it into bear marketBy business correspondent David TaylorTopic:GoldFri 29 May 2026 at 3:42pmFri 29 May 2026 at 3:42pmFri 29 May 2026 at 3:42pmThe price of gold has fallen 20 per cent from its record high of $US5,597 in late January. (Supplied: Perth Mint)In short: Gold has found itself in a bear market with little sign of improvement in the price of the precious metal.A perfect storm of higher US bond yields, a stronger US dollar and a record high US share market is keeping prices down.What's next:The direction of the price of gold may depend on the outlook for US interest rates.abc.net.au/news/gold-price-falls-implications-for-australian-dollar-bear-market/106736956Link copiedShareShare articleGold is in a bear market…
Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).