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Gold drops 11.4% in March 2026 but stays bullish with a $4,100/oz potential bottom

Market News
01 Apr 2026
Seeking Alpha
View Source
Bullish
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Gold prices fell 11.4% in March 2026 amid geopolitical tensions but remain in a long-term uptrend, possibly bottoming at $4,100 per ounce. Despite the decline, gold hit its 10th consecutive quarterly record high in Q1 2026, closing 7.41% above the previous quarter. Central bank buying, de-dollarization, and gold's unique financial role support continued bullishness. Investors are advised to buy gold and leading ETFs now, with room to add more on further dips.

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