The gold bar that fetched $5,263 an ounce on the last day of February is worth roughly $4,329 today. In the hundred days since the United States and Israel launched coordinated strikes against Iran on February 28, precious metals have traced an arc that defied the safe-haven logic investors relied on going in: an initial spike to records, then a collapse driven not by peace but by something more structurally damaging — the prospect of rates staying high for longer in an inflationary war economy. The losses, tallied through June 5 by Anadolu Agency, span all four major metals. Gold is down 17.8 percent from its ... (full story)