Gold price today, Thursday, March 12: Gold remains below $5,200 as Iran war drags on

The price of the gold remains in a subdued state, recording well below the $5,200 mark, as the ongoing war with Iran continues to influence the market dynamics.

Investors continue to find gold a lucrative safe haven in these tumultuous geopolitical times, however, the persistent conflict has created a high level of uncertainty around the future trajectory of gold prices.

Market experts suggest that the war has caused a ding in the influence of gold as a diplomatic currency and the progressive economic sanctions have deterred the investment inflow.

The situation remains complex with the gold market remaining highly volatile, underscoring the uncertainty that surrounds the future of world economies being affected by the war.