Gold shows early signs of reclaiming safe-haven appeal after Iran war selloff - KITCO
Gold shows early signs of reclaiming safe-haven appeal after Iran war selloff - KITCO
Source: KITCO
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DW NOTE
Gold hasn't reclaimed anything — it's still 15.8% below the $5,318 high it hit in January when Iran first closed Hormuz. The metal peaked when the strait shut, then fell 16% as investors decided $90 oil and 2,000 stranded ships didn't qualify as a crisis worth hedging. Safe-haven appeal requires buyers, and the drawdown says they left.