Why's gold not pumping?

[Dynamite++]

On the 28 February 2026 the bombing of Us and Iran, actually started this year, and when the forex Market opened that week gold price pump aggressively on Monday been the 2nd of March. But after that day the price just suddenly and slowly started dumping, and currently now it's just consolidating. Normally when there's war between two countries, gold price usually pumps, due to the fact that investors see gold as a safe haven to store and protect their money. So what's really happening with gold, why's the price not pumping?.

[Coyster]

I was thinking about the same thing the other day. The price of gold pumped a little bit when the war began, but it fell back afterwards and right now gold is trading just above $5k per ounce, which is not bad at all if you consider its price from 12 months ago.

That said, geopolitical tensions usually pushes investors to safe haven assets, resulting in a quick rise in the price of gold and silver, but that has not been too evident in this current war between U.S. and Iran. There are possible reasons for that, it could possibly be because of the economic implications of this war, which could keep interest rate high and affect potential investments in gold and silver. Another reason could be how much gold rose in the last 12 months and maybe right now it cannot go any further; though there are still predictions that gold could trade around $6,300 per ounce at the end of this year.

[BitMaxz]

I can't find any other reason for gold dumping, but it is still under bearish due to geopolitical tensions.
However, by checking the USD price, it seems this is the reason why the gold price drops because the USD is rising.

I can't find other reasons than this why gold keeps declining, but for technical analysis, it is already making a double top that fails to reach the ATH in the daily time frame. This might be the reason why I think price is currently bearish. I am expecting to see more below $5k; the expected bottom price this coming next month is in the $4.6k to $4.8k range.

[noorman0]

Remember the trading slogan, "buy the rumor, sell the news." If I remember correctly, gold actually surged in the days when US-Iran tensions escalated. Once the war actually broke out, major traders were already in profitable positions. However, the real safe haven from this war is energy commodities, as the effects of scarcity are truly felt worldwide. Capital inflows into the gold market will be limited, with most going to the oil market.

[batang_bitcoin]

In UAE, I think that the gold has already dropping and that's the result of war. And it came recently from a pump so expect its dump.

I can't find any other reason for gold dumping, but it is still under bearish due to geopolitical tensions.
However, by checking the USD price, it seems this is the reason why the gold price drops because the USD is rising.

People are saving more cash instead of putting that into assets. It's possible that they're preparing more of the effects of the wars than of the future. They'll never know what can happen to the world so investors are safe keeping cash even gold is liquid. What if something happens and they'll have hard time to liquidate that.

[nelson4lov]

The war situation between the US and Iran has settled for a bit. I don't think there have been new developments on the matter since the Supreme leader of Iran was killed. When both countries was still going back and forth at each other, that's when gold moved but when there's a break in the attack, so will the price of gold. Imo, it would only pick up where it left off before if US gets involved in another conflict or the one with Iran gets revived again. Until then, I'm expecting a slow bleed.

[BitMaxz]

People are saving more cash instead of putting that into assets. It's possible that they're preparing more of the effects of the wars than of the future. They'll never know what can happen to the world so investors are safe keeping cash even gold is liquid. What if something happens and they'll have hard time to liquidate that.

According to my research, gold is a safe haven, but some news is saying that USD is more of a safe haven during these wars.

I am also thinking that maybe some people in Iran and the US are dumping their assets because maybe they are thinking that the war will spread, causing these price declines.
Or maybe they took advantage of converting their gold to crude oil since the pump is insane due to the war and it is still pumping. So it is a smarter move to make profit than to have gold nowadays.

[batang_bitcoin]

People are saving more cash instead of putting that into assets. It's possible that they're preparing more of the effects of the wars than of the future. They'll never know what can happen to the world so investors are safe keeping cash even gold is liquid. What if something happens and they'll have hard time to liquidate that.

According to my research, gold is a safe haven, but some news is saying that USD is more of a safe haven during these wars.

I am also thinking that maybe some people in Iran and the US are dumping their assets because maybe they are thinking that the war will spread, causing these price declines.
Or maybe they took advantage of converting their gold to crude oil since the pump is insane due to the war and it is still pumping. So it is a smarter move to make profit than to have gold nowadays.

That's right, long term wise, gold is the best choice. But with circumstances like this, you can't spend gold and take all of those necessities to survive this war. We're seeing oil prices to increase continually and that's the best choice right now, they can dump their gold and other assets for their preparation if this war prolongs. They're measuring the situation but once this war ends, we'll see the life again back to gold investments and other assets pumping.

[Stalker22]

The gold price has already been pumped a lot in recent times.  Look at the charts - gold hit its peak right when the rumors of the strikes started in February.  So, you are waiting for a massive "war pump" that already happened while you werent looking.  

War does not automatically mean "up" forever.  The market is exhausted. Besides, a lot of money probably went into crude oil.  It was to be expected that the price of oil would also skyrocket when the conflicts began.  There are many speculators in the market who tried to profit from this fact.

[goldkingcoiner]

Gold is overbought I would say. After the last pump there is no more investor confidence in a "second wind". Also, geopolitical events are currently aligned in such a way that perhaps gold could be less valued as a store of value during such turbulant times. More over, the double top signals that Gold has confimed a resistance level.

I am more interested as why Bitcoin is going up again... Could people be changing their minds on whether gold is a better way to store your money during potential world war than Bitcoin?

[Zaguru12]

That's right, long term wise, gold is the best choice. But with circumstances like this, you can't spend gold and take all of those necessities to survive this war. We're seeing oil prices to increase continually and that's the best choice right now, they can dump their gold and other assets for their preparation if this war prolongs. They're measuring the situation but once this war ends, we'll see the life again back to gold investments and other assets pumping.

It’s not actually surprising to see that Gold is actually facing a bearish trend in the market because this war is one of those wars where the investors due to prices of things skyrocketing have no other option other than selling off their assets and then paying for the necessities they need.

Few weeks ago gold was simply creating highs and everyone was over the moon and my prediction was should any negativity affect the marke it will be first it will affect first. But most were just on about comparing it to bitcoin then

[batang_bitcoin]

That's right, long term wise, gold is the best choice. But with circumstances like this, you can't spend gold and take all of those necessities to survive this war. We're seeing oil prices to increase continually and that's the best choice right now, they can dump their gold and other assets for their preparation if this war prolongs. They're measuring the situation but once this war ends, we'll see the life again back to gold investments and other assets pumping.

It’s not actually surprising to see that Gold is actually facing a bearish trend in the market because this war is one of those wars where the investors due to prices of things skyrocketing have no other option other than selling off their assets and then paying for the necessities they need.

Few weeks ago gold was simply creating highs and everyone was over the moon and my prediction was should any negativity affect the marke it will be first it will affect first. But most were just on about comparing it to bitcoin then

Yes, that highs it has made is also an indication why it is dropping now. While it's a stable asset, it's still expected to show some drops and that can't be avoided. And then, plus the tension of what this war is doing, many hoarders of it and even suppliers just want to dispose it if there will be buyers so that they can put that in any other asset or just plain cash to spend it to anything they want as this war continues to go on and hasn't see any window when it will end.

[FinneysTrueVision]

Gold has already been pumping for months. To some extent this has already been priced in. If it hadn’t been, gold might have corrected to a much lower price, but it is still very close to its all time high. Currently, oil is going parabolic, so a lot of that speculative volume might be rotating there now.

[shinratensei_]

Everybody was rushing to buy gold for few years already, right now everybody got a piece of gold in their pocket and their secret storage. It means people have no money left to buy gold.
This means the rally for gold has ended. Institutional investor such as banks, investing firm and even governments are still buying gold. However, don't expect it to pump like a rocket again.

[fuguebtc]

People are saving more cash instead of putting that into assets. It's possible that they're preparing more of the effects of the wars than of the future. They'll never know what can happen to the world so investors are safe keeping cash even gold is liquid. What if something happens and they'll have hard time to liquidate that.

Is it true that people are saving cash instead of investing? Because while gold is falling, assets considered risky, such as bitcoin are increasing and the stock is also experiencing a slight increase. The flow of money into bitcoin through ETFs has increased sharply since the war began

Therefore, I do not think investors are simply looking to hoard cash. Instead, they appear to be changing their investment preferences. Instead of seeking safe assets, they seek risky assets


It is difficult to know why gold is falling and bitcoin is rising when the war is still raging.

[LogitechMouse]

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I can't find other reasons than this why gold keeps declining, but for technical analysis, it is already making a double top that fails to reach the ATH in the daily time frame. This might be the reason why I think price is currently bearish. I am expecting to see more below $5k; the expected bottom price this coming next month is in the $4.6k to $4.8k range.

I'm leaning towards the fact that the price of Gold is declining not because there are some news out there, but it's on the technical aspect, and maybe there are many out there that are deciding to sell their Gold already.

A double-top pattern is often a strong one especially if it happens on a higher time frame like the 1D or even the 4H TF. I haven't seen the chart of Gold yet, but it seems like on the 1H timeframe, it shows a bearish trend, and I will try to ride that trend and opening some short positions to make some profit. I also expect that price as well to be the support area.