Gold drops below $4,000 as ‘haven’ asset joins market sell-off
Price has plunged this week even as investors rush to safety of US Treasuries
Source: Financial Times
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DW NOTE
Gold fell 24% from its January high while tankers burn in the Strait of Hormuz. The headline calls it a haven asset; the price action says investors treat it as a speculation that failed. Treasury yields above 5% are the actual haven — backed by a printing press and the world's reserve currency, not a metal with no yield and no industrial use at scale.