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Why Gold’s Traditional Safe-Haven Appeal Is Fading Amid Iran Conflict
The precious metal is experiencing downward pressure this week as escalating Middle Eastern hostilities keep crude oil prices elevated and trigger concerns about persistent inflation. Remarkably, gold has shed roughly 12% over a three-month period even amid ongoing geopolitical turmoil, weighed down by a robust dollar and expectations of prolonged higher interest rates. The strategic Strait of Hormuz has remained blocked since the final days of February, following a coordinated U.S.-Israeli military strike against Iran. This critical waterway normally carries approximately 20% of the world’s oil supply, and its ... (full story)
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- Jun 5, 8:08am | 11 hr ago Posted byFundamental Analysis74
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