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Gold Prices Head for Largest Weekly Drop Since 1983

Gold Prices Head for Largest Weekly Drop Since 1983

The source says gold is down 11.2% for the week, marking its steepest weekly decline in more than four decades.

Fact Check
Multiple reputable financial news sources (Trading Economics, Yahoo Finance, Anadolu Ajansı) consistently report that gold prices saw their largest weekly decline since 1983 during the third week of March 2026. The specific decline of 11.2% is corroborated by detailed market reports.
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Terms & Concepts
  • Weekly decline: A measure of how much an asset’s price falls over a one-week period, often used to track short-term market volatility.
  • Safe-haven asset: An investment such as gold that investors often buy during periods of uncertainty in hopes of preserving value.