Part of Koradi Thermal Power Plant collapses in Nagpur amid heavy rain

Gold’s traditional reputation as the ultimate safe haven is facing a historic crisis. Despite the Middle East conflict entering its fourth week—a scenario that typically drives prices up—gold has just recorded its worst weekly fall in nearly 40 years. Prices have plummeted from an all-time high of over $5,500 to approximately $4,354 per ounce, a massive correction triggered by a stronger dollar, rising interest yields, and global liquidity pressures. Instead of holding onto the metal, investors are liquidated to raise cash, pushing prices toward a critical technical support level near $4,150. While the sudden drop has shaken the market, some analysts view this "storm" as a strategic buying opportunity for long-term investors to enter the market gradually at lower price points.