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Gold prices slump as Iran tensions and oil prices rise

Original: Gold prices today, Monday, September 28, 2026: Gold prices slump as Iran tensions and oil prices rise

Gold prices fell on Monday, September 28, 2026, even as tensions involving Iran pushed oil prices higher, an unusual divergence since geopolitical risk typically lifts demand for gold as a safe haven. Traders are watching whether the pullback holds or if further escalation in the Middle East reverses the decline.

Why now: Falling gold prices amid rising geopolitical tensions and oil prices contradict the usual safe-haven pattern, drawing attention from investors.

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