The Economic Times

Explained: Why traders arent holding onto gold since Middle East war despite safe haven appeal

Despite the Middle East war and rising geopolitical tensions, gold prices have fallen, defying their safe-haven appeal. This counterintuitive trend is attributed to a broad risk-off sentiment, a strong US dollar, and profit-booking after earlier rallies. Experts suggest this is a short-term adjustment, with long-term fundamentals still supporting precious metals.