Safe Haven No More? Gold Defies Crisis Logic as War and Oil Shock Shake Markets
Safe Haven No More? Gold Defies Crisis Logic as War and Oil Shock Shake Markets
Gold’s failure to react to escalating conflict in the Middle East is beginning to unsettle investors, raising serious questions about the metal’s role as a safe haven in today’s markets.
As the war involving the United States, Israel and Iran moved deeper into its third week, financial tensions have intensified. Oil prices surged past $100 per barrel following Iran’s move to shut the Strait of Hormuz, a vital artery for global energy flows. Equity markets have slipped under the weight of uncertainty. Yet, in a striking break from historical patterns, gold has remained largely unmoved.
Prices have hovered around $5,000 per ounce, with only marginal daily shifts. Spot gold has stayed close to $5,001, while futures have edged up by just a fraction. In previous crises of this scale, such stability would have been unthinkable. Gold has traditionally surged during geopolitical shocks, acting as a financial shelt
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