Key Takeaways
- Iran war and oil spike triggered a sharp selloff across global equities and ETFs in March.
- Leveraged ETFs tied to oil, volatility and inverse tech delivered outsized gains.
- In late March, the Fed offered assurance on the U.S. inflation, which is a plus for gold ETFs like GLD.
March 2026 can easily be credited to the Iran war and a severe oil market crisis. Due to the war in the Middle East, oil prices shot up, and the global market tumbled. Even the safe-haven asset gold failed this time around.
Brent crude oil prices hit their highest level since June 2022 in March 2026, reaching about $120 per barrel on March 9. WTI crude, too, surpassed the $100-level in March. State Street SPDR S&P 500 ETF Trust (SPY Quick QuoteSPY – Free Report) lost about $7.9% over the past month (as of March 30, 2026),…
