Iran war: Why gold prices are not soaring

From dw.com

A well-known stock market proverb says: "Buy when the cannons are firing." In other words, in times of war and uncertainty, people should invest. Those looking to protect their wealth and assets often turn to gold — even though gold is rarely cheap in turbulent times. In times of crises, such as a pandemic or a war, demand for gold typically rises. This stronger demand tends to push prices higher, as it did in the first weeks of this year. If prices continue to rise, investments in gold not only preserve wealth but also potentially increase it. So is the current environment a boon for speculators? Gold is generally ... (full story)