Gold's switch from being a safe-haven asset to reflecting the broader market's mood was reinforced on Thursday, as the metal's price dropped sharply. The Iran war has reversed the traditional relationship of gold to geopolitical turbulence. With the outbreak of hostilities in the Middle East, gold fell around 12% in March. To compound matters, after an inconclusive and at times contradictory address to the nation from President Trump sent markets sprawling Thursday, gold declined along with equities, crypto and other assets considered risk-on. Having troughed at $4,376 per ounce at the end of March, gold (GC00) had ... (full story)