Gold Heads for Worst Month Since 2008 as Iran War, Oil Shock and Profit-Taking Batter Safe-Haven Trade - Tekedia

Gold edged up in early trading; spot was about $4,553.69/oz and front‑month futures rose roughly 0.6% near the spot level.

Despite the morning gain, the metal is posting its largest monthly drop since 2008.

For March, gold is down about 11.8%–14.6% depending on the close (CNBC data).

The Middle East war is in its fifth week; 2,500 U.S. Marines from the 82nd Airborne Division arrived over the weekend.

Oil is nearly 50% above pre‑war levels due to Strait of Hormuz dynamics, which has affected inflation expectations; markets now lean toward one or no U.S. rate cuts this year.