West Asia war effect: Gold price slips 14% in March; what lies ahead? - MSN

A 14% pullback in March brought gold from bubble territory back to reality. This wasn't weakness—it was profit-taking from momentum traders who piled in during the geopolitical spike. The physical market tells a different story. COMEX registered inventories remain tight, and central banks haven't stopped buying. Middle East tensions created the rally, but the underlying fundamentals—currency debasement, debt spirals, banking stress—those haven't changed. Smart stackers used this dip to add weight. The war premium got stripped out, leaving us with cleaner price action based on monetary realities. Physical demand from Asia stayed strong throughout the selloff.