Gold jumps 60% since Akshaya Tritiya but Iran worries complicate next year’s gains

Iran tensions may hit returns even as central banks buy

Gold has surged nearly 60% since Akshaya Tritiya 2025, but the path to further gains through 2027 looks tougher. Iran-linked geopolitical risk and shifting interest-rate expectations could cap near-term momentum. Still, long-term support appears stronger, driven by sustained central bank buying and rising global debt, keeping gold positioned as a hedge for uncertain times.