[Crypto Türkiye] Whenever an Iran war breaks out, gold gets flattened and goes into a bear market. It has always been like this in the past too. In fact, at one point it took nearly 15 to 20 years for it to recover. Assuming the same thing happens, it's worth asking the question: could gold pull back to $2k an ounce…

Gold has historically entered a bear market whenever an Iran war broke out, with past instances seeing recoveries that took nearly 15 to 20 years, and market participants are now asking whether a similar scenario could drag spot gold down to $2,000 an ounce. A drop to that level from current prices would represent roughly a 50% decline, which in Turkish lira terms could push gram gold down to around 3,000 TL, or perhaps 2,500 TL. If the dollar simultaneously strengthens, the lira-denominated gram price could instead settle in the 3,800–4,000 TL range, with the USD/TRY rate potentially reaching 60–65. The comparison matters because it frames gold's geopolitical risk premium as historically fragile rather than safe-haven-positive. What to watch next is whether a new Iran conflict triggers the same multi-year gold drawdown pattern or whether the $2,000/oz level holds as support.