Gold Heads for Worst Week Since 2020 -- WSJ

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Gold Heads for Worst Week Since 2020 -- WSJ

Dow Jones03-20 21:53

By Caitlin McCabe

After falling in six of the past seven sessions, gold is staging a modest rebound, up 1% at around $4,660 a troy ounce.

Yet it still isn't enough to stem the precious metal's big weekly slide.

Gold is down roughly 8% this week, on track for its worst week since March 2020, when the Covid-19 pandemic led to whipsaw market moves.

This may seem counterintuitive given gold's reputation as a safe haven during times of turmoil. So what's caused the weekly decline?

It's a combination of growing fears about inflation and dimming hopes of interest rate cuts, along with cooling sentiment from retail and professional investors alike. Read more here, in my story with Ryan Dezember:

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

March 20, 2026 09:53 ET (13:53 GMT)

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