7:23 AM ▪
4
min read ▪ by
Peter Schiff has been arguing for years that gold will eventually dominate global finance and crush its rivals. However, the recent reality tells a completely different story, much harsher for investors. Instead of playing its role as a safe haven, gold is retreating as geopolitical tensions intensify significantly. This time, even Bitcoin doesn’t have to intervene, because the dollar is enough to completely disrupt traditional balances.
In short
- Gold fell sharply after its initial peak caused by US strikes against Iran.
- 178,000 US jobs created in March boosted the dollar and dampened gold.
- Oil above $110 supports inflation and further delays rate cuts.
- Mario Nawfal reads the currency battle between the Chinese yuan and the US petrodollar behind this war.
Why Gold Will Disappoint and Shake Up Global Finances Despite War
At first, everything seemed to be in line to propel gold to new highs in the global stock market. Open war between the United States, Israel, and Iran immediately sparked a rush to secure assets. Gold briefly climbed to $5,423 before easing under market pressure.
After that, the dynamics in international finance took a brutal turn. Gold fell back to around $4,600, erasing nearly 15% of recent gains. After that, investors abandoned gold in favor of the dollar, which was seen as more liquid and reactive.
Finally, this shift shows a profound development in finance. Fear no longer drives the flows like it used to. The stock market now favors the dollar’s speed, liquidity and monetary power over gold, which has slowed.
The dollar is taking the lead and imposing its law on finance
The next, real breakthrough comes from the US economic data, which surprised all of global finance. The United States added 178,000 jobs in March, compared with about 60,000 that analysts had expected. The unemployment rate falls to 4.3%, which reinforces the soundness of the economy.
After that, the dollar rises strongly, dragging bond yields with it. Gold suffers immediately because it generates no yield in this tight stock market configuration.
The analyst sums up this situation clearly:
The latest solid NFP release raised concerns about tighter monetary policy from central banks, while lingering concerns over oil-led inflation continue to overshadow traditional safe haven gold.
Tim Waterer, Chief Market Analyst, KCM Trade
Finally, finance becomes mechanical, almost cold. The dollar attracts capital while gold falls under the combined pressure of rates and inflation.
Beyond the war, the money battle
Finally, a deeper reading is emerging in certain circles of global finance and geopolitics. According to Mario Nawfal, the conflict is not only about weapons or visible nuclear issues. It directly affects the global monetary system and the dominance of the dollar.
In particular, it explains:
The war that no one is interpreting correctly is about the dollar, not nuclear. Iran sold 90% of its oil to China in yuan, not dollars.
He then adds that this system follows the recycling of petrodollars back into US debt. In this logic, every energy flow becomes a lever of financial power.
Key figures of this financial shift
- Gold dips around $4,600 after peaking near $5,400;
- Oil is trading between $111 and $115 per barrel;
- In March 2026, 178,000 jobs were created;
- US unemployment drops to 4.3%;
- The price of Bitcoin is trading around $69,193 at press time.
In this context, gold no longer only rules global finance and is losing its undisputed status. Now Bitcoin is moving forward with clear ambition and refusing to give up. After every crisis, they try to assert themselves against gold and stocks. It is slowly establishing itself as a serious competitor in the global balance.
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The blockchain and crypto revolution is in full swing! And on the day the effects are felt by the most vulnerable economy in this world, I will say against all hope that I had something to do with it
DISCLAIMER OF LIABILITY
The views, thoughts and opinions expressed in this article are solely those of the author and should not be construed as investment advice. Before making any investment decision, do your own research.
