Gold falls by 13% despite the war in Iran โ the narrative around safe havens is shaken ๐ช๐
Gold surprised the markets with its sharp decline even as geopolitical tensions escalated, challenging its traditional role as a safe haven.
Key facts:
โข Gold has fallen by about 13% since the start of the war in Iran
โข Stocks have fallen less: S&P 500 has decreased by about 7%, Nasdaq by about 8%
โข Bitcoin has dropped by nearly 2% during the same period
Experts' view:
High pre-war prices and rising yields have reduced demand โ investors have moved to cash and other low-risk assets instead of gold.
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