Gold Drops to November 2025 Lows Amid Intensifying Iran Airstrikes

Gold, traditionally viewed as a safe-haven asset during geopolitical tensions, behaved unexpectedly this time: prices collapsed to their lowest levels since November 2025 as the conflict involving Iran escalated. The intensification of airstrikes triggered a wave of selling in precious metals, which analysts attribute to investors needing to cover losses in other positions and a broader shift toward cash. The U.S. dollar strengthened amid rising geopolitical uncertainty, adding further downward pressure on metal prices. The sharp market movement serves as a reminder that even traditionally defensive assets can behave unpredictably during crisis moments. Investors holding gold positions should closely monitor further developments in the Middle East and the dollar's reaction.