Gold's sharp selloff may have pushed the metal firmly into bear market territory, but some market veterans are sticking to ambitious long-term forecasts.

Gold and silver prices could continue to trend lower from shifting economic conditions caused by the Middle East war, but the market's bullish momentum has only paused, not reversed, BMO analysts said in a note Tuesday.

Gold prices have struggled during the Iran war, bucking the metal's reputation as a hedge. UBS analysts say the weakness will be short-lived.

Gold and Bitcoin have reversed roles.

As of March 24, 2026, the price of gold is $4,411.99 per ounce. See daily price updates, percentage changes and historical trends for gold at USA TODAY Money.

When the US and Israel started firing missiles at Iran, Alphaville was not shocked to see the gold price jump higher. As MainFT reported at the start of the war: Gold raced close to a record high on Monday,

Gold fell during the war in Iran, which may be puzzling given it's considered a safe haven asset. Morgan Stanley said this move is bullish for stocks.

The shiny yellow metal delivered blistering gains last year, but it's off to a volatile start to 2026.

India’s macroeconomic credentials remain strong, with the country continuing to post one of the highest growth rates among major economies. Read more here.

Gold has slipped dramatically since hitting a new record high, but this pullback could present a rare opportunity.

The spot gold price began to settle but remained subdued on Tuesday after a tumultuous start to the week, establishing a level around $4,370 per troy ounce.