Gold drops below $4,000 as ‘haven’ asset joins market sell-off - Financial Times
Gold drops below $4,000 as ‘haven’ asset joins market sell-off - Financial Times
Source: Financial Times
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DW NOTE
Gold is selling off while the Strait of Hormuz sits closed and oil trades above $100. The textbook says a geopolitical crisis drives money into haven assets. The market says no one wants to own them at these valuations. A 25% drawdown from the January peak suggests the real risk wasn't war — it was paying $5,318 for an ounce in the first place.