Gold price recently fell below $4,000, and Bank of America strategists said the pressure is unlikely to ease before the US-Iran conflict ends.

智通财经2026/10/27 06:36

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Although analysts have consistently emphasized that gold’s long-term investment value remains unchanged, its price has fallen sharply from $5,600 per ounce at the start of the year, recently dropping below $4,000 per ounce. This reflects increasing market caution towards gold.
Rob Haworth, Senior Investment Strategist at Bank of America Wealth Management, pointed out that the US-Iran conflict needs to end for gold prices to return to $5,000 per ounce. Although the long-term investment appeal of gold still exists, central banks around the world are prioritizing economic stability and energy security over accumulating more gold, meaning that this precious metal continues to face negative pressure. As long as the US-Iran conflict continues, the gold market will remain under pressure.
He also stated that the US-Iran conflict has caused a significant shift in global capital flows, as countries facing rising energy and food costs redirect their resources from reserve diversification to other uses. Meanwhile, rising bond yields, a stronger US dollar, and increased demand for liquidity are all undermining gold's traditional appeal as a safe haven.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Gold price recently fell below $4,000, and Bank of America strategists said the pressure is unlikely to ease before the US-Iran conflict ends.

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