Gold Prices Dip Below $4,600; Analysts Advise Caution Amidst Oil Price Surge

As a leading financial publication in Taiwan, Liberty Times (Economic Daily News) reports on the recent downturn in gold prices, a topic of significant interest to local investors. The article highlights the impact of geopolitical events, specifically the Iran conflict, on oil prices and, consequently, on gold's traditional role as a safe-haven asset. While international analysts like BMI offer a cautious outlook, predicting continued pressure on gold prices, the piece also incorporates local insights from Precious Metals Asia co-founder Padraig Seif. Seif notes that the significant price increases in 2024 and 2025 have made gold 'quite expensive,' leading to a decline in sales of larger gold bars despite steady demand for smaller items. The perspective here is one of cautious optimism, acknowledging the current market headwinds but also pointing to potential catalysts for a rebound, such as a decrease in oil prices or the upcoming US midterm elections. This nuanced view reflects the local market's sensitivity to global economic shifts and its anticipation of potential opportunities, a perspective that might differ from a purely Western, perhaps more detached, financial analysis.

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As long as oil prices continue to rise, the possibility of gold prices rising is very small, and it is expected that gold will continue to be under pressure in the second quarter of 2026 and beyond.