Gold surged to a record, then fell hard. What happened? - Pittsburgh Post-Gazette

Gold surged to a record, then fell hard. What happened? - Pittsburgh Post-Gazette

Source: Pittsburgh Post-Gazette

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DW NOTE

Gold rallied into the void created by 221 days of Hormuz closure and falling oil prices despite the largest supply disruption in oil market history, then collapsed when traders realized the rally narrative — safe haven demand amid Middle East chaos — had already priced in events eight months old. When your safe haven trade is backward-looking, you're not hedging risk, you're chasing headlines that have already happened.

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