Gold has tumbled during the Iran war — exposing a massive myth about geopolitical risk

Gold is falling sharply even as the Iran war reaches 100 days, a move that appears inconsistent with the typical safe-haven response to geopolitics. The piece highlights a disconnect between expectations and price action, pointing to sentiment, positioning, or technical factors rather than fundamentals driving the decline.

Analysis

Gold is falling sharply even as the Iran war reaches 100 days, a move that appears inconsistent with the typical safe-haven response to geopolitics. The piece highlights a disconnect between expectations and price action, pointing to sentiment, positioning, or technical factors rather than fundamentals driving the decline.