#Gold prices have plunged below $4,500 per ounce as of today, March 20, marking one of the sharpest weekly declines in decades and setting the stage for the biggest weekly drop since 1983

This dramatic sell-off follows a recent peak near $5,000 - $5,200 earlier in March, driven by a strengthening U.S. dollar, elevated Treasury yields, delayed expectations for Federal Reserve rate cuts, and apparent forced liquidations amid ongoing Middle East geopolitical tensions that have instead boosted oil and energy prices
Despite gold's traditional safe-haven status, the rapid correction reflects a broader market rotation toward other assets, though historical patterns suggest such sharp drops can precede eventual rebounds when underlying risks persist.