Ryan Stancil,
Editor
March 6, 2026
Have you seen what gold is doing in light of the war in Iran?
Since this conflict kicked off last weekend, gold prices have been going down. It’s the exact opposite of what investors typically expect to happen in this kind of scenario.
After all, gold is often seen as a safe haven investment in times of turmoil and uncertainty. And what is a more clear-cut instance of uncertainty than a war?
This is especially true when you consider that there doesn’t seem to be a plan for what the end of this conflict looks like. No one in charge can seem to clearly explain why this war was started in the first place and ground troops being deployed hasn’t been ruled out. This all lends credibility to the idea that this conflict might not be something that ends in the short-term, despite administration claims.
Even with all of that, gold’s price is going down. Much of that appears to be because of a strengthening US dollar. A stronger dollar means that metals like gold and silver are more expensive for non-US buyers, so those investors could be raising cash in lieu of adding to gold reserves while waiting to see what comes next.
For gold investors, this is likely temporary pain that presents long-term opportunity.
It’s easy to get caught up in the headlines and think that gold is sinking, but current prices are at the same level they were roughly a month ago. And the current price, around $5,100 per ounce as of the time of this writing, is still up from the roughly $4,300 price gold saw to start off 2026. So, even though it may not look or feel like it, gold is still very much in a bull market.
This war looks like it’s going to be mired in the same volatility that has defined much of Trump’s political career. In the immediate term, that will take the form of what we’re seeing in lower gold and higher gas prices. If this war drags on, however, that will trickle out into the kind of economic instability that could lead to sustained higher gas prices and the subsequent rise in consumer goods prices that are directly affected by that. Likewise, it could lead to higher energy prices because of the region’s importance to that sector.
Additionally, a prolonged period of tension will likely raise gold prices and could push it well beyond the recent highs above $5,500 per ounce. The economic instability that would encourage that kind of growth in gold could lead to a period of stagflation.
This is an especially worrying and likely trend, as GDP growth has already slowed and the labor market continues to post weak numbers. Economists are beginning to sound the alarm to bring attention to exactly this kind of scenario, and it’s likely to be the big economic story of the next few weeks.
Especially if Trump actually keeps his word and keeps US forces mired in Iran for, in his words, “as long as necessary.”
So this slump in the gold market presents the chance to continue stockpiling while the rest of the world waits to see how this conflict will play out. More economic turbulence is all but guaranteed at this point. There are a lot of different ways to take advantage, but one of the best plans of action involves buying into gold investments most people don’t know about.
You can learn all about those by clicking here.
Keep your eyes open,
Ryan Stancil
Editor, Bizarro World