Gold isn't your safe haven in this war: It just logged its biggest weekly drop in over 14 years

Gold posted its largest weekly percentage drop in more than 14 years on Friday, falling sharply even as the conflict in Iran escalates. The move indicates that selling pressure and positioning outweighed the metal's typical safe-haven demand, increasing volatility in precious metals. Portfolio managers should monitor bullion ETF flows, futures positioning and potential spillovers to other risk assets as market participants reassess hedging needs.

Analysis

Gold posted its largest weekly percentage drop in more than 14 years on Friday, falling sharply even as the conflict in Iran escalates. The move indicates that selling pressure and positioning outweighed the metal's typical safe-haven demand, increasing volatility in precious metals. Portfolio managers should monitor bullion ETF flows, futures positioning and potential spillovers to other risk assets as market participants reassess hedging needs.