{
    "success": true,
    "data": {
        "id": 1647063,
        "msgid": "global-gold-prices-set-to-record-largest-monthly-decline-since-2008-1774968674",
        "date": "2026-03-31 19:43:43",
        "title": "Global Gold Prices Set to Record Largest Monthly Decline Since 2008",
        "author": "Sakina Rakhma Diah Setiawan",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Economy",
        "summary": "Global gold prices rose about 1% to $4,553.69 per ounce on Tuesday morning, amid ongoing US-Iran tensions, but remain on track for a 14.6% monthly drop, the steepest since October 2008. The conflict in the Middle East has driven up oil and gas prices, raising inflation fears and interest rate hike expectations that are pressuring gold. Investment manager Wayne Nutland notes that while gold surged beyond historical patterns during 2025 and early 2026 post-Ukraine war, it has now reverted to traditional trading behaviour following the recent Middle East escalation.",
        "content": "<p>NEW YORK - Global gold prices strengthened during Tuesday morning\ntrading (31\/3\/2026) local time, but the precious metal is still on\ncourse to record the largest monthly decline in nearly 17 years.\nAccording to CNBC, at 03:30 local time, the US spot gold price was up\naround 1% to $4,553.69 per ounce. Meanwhile, the front-month gold\nfutures contract rose 0.6% to around $4,553. This rise occurred amid\nongoing uncertainty surrounding the US-Iran conflict, which has entered\nits fifth week. In a post on Truth Social, Trump stated that Washington\nis engaged in \u201cserious discussions\u201d with Iranian officials. However, he\nwarned that if an agreement is not reached soon, US forces will attack\npower facilities, oil wells, and Kharg Island, which is a key\ninfrastructure. On the other hand, US Secretary of State Marco Rubio\ntold Al Jazeera that Washington\u2019s objectives in Iran could be achieved\nin \u201cweeks, not months.\u201d The Middle East conflict is also weighing on\ngold prices, as the surge in oil and gas prices heightens expectations\nof a global inflation spike. This situation is sparking concerns over\ninterest rate hikes in various countries. On a monthly basis, the spot\ngold price is now on track for a 14.6% decline. If realised, this would\nbe the largest monthly drop since October 2008, when gold prices fell\n16.8%. Shackleton Advisers investment manager Wayne Nutland said that\nover the past four years, there has been a significant change in gold\ntrading patterns. He added that after the Ukraine war, this relationship\ntemporarily shifted, particularly throughout 2025 to early 2026 when\ngold prices surged sharply, exceeding its historical patterns. \u201cThe\nperiod after the Ukraine war drastically altered this relationship,\nespecially in 2025 and early 2026 when gold prices rose very sharply,\nfar exceeding the movements suggested by that historical relationship,\u201d\nNutland said. However, according to him, following the Middle East\nconflict, gold prices have returned to following their traditional\npatterns.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/global-gold-prices-set-to-record-largest-monthly-decline-since-2008-1774968674",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}