US Edition
6 Articles
6 Articles
Times of India
The Economic TimesGold prices down 18% since Iran war! Why yellow metal is not acting as safe haven this time
Gold has dropped 18% despite the West Asia conflict, as a surging dollar, rising oil prices and liquidity-driven selling overpower its safe-haven appeal. A hawkish US Federal Reserve stance, profit-taking after last years rally and higher bond yields have further weighed on sentiment, keeping investors on the sidelines.
The US-Israeli military action against Iran has entered its fourth week, causing gold prices to plummet. Indians have begun a gold rush, with jewelry stores seeing a surge in customers on Monday (March 23).
But Why Are Gold Prices Falling?
Gold prices have recently shown a surprising decline, raising questions among investors. A common belief suggests that fuel prices and gold rates often move in opposite directions. However, current market behaviour appears to be breaking this usual trend. Despite the ongoing W Asia crisis, gold prices are falling instead of rising. This has caught the […] The post But Why Are Gold Prices Falling? appeared first on M9.news.
The escalating conflict in the Middle East and the concern about an inflation spiral initially lowered the price of gold to the lowest level of the year on Monday. Silver also declined significantly. The White House had placed an ultimatum on Iran and thus further fuelled the fear of an escalation of the war. Following a U.S. turnaround on Monday, US President Donald Trump postponed attacks on energy facilities, at least the oil price decreased.
Coverage Details
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
