【Market News】The safe-haven myth has been broken: since the U.S.-Iran war, gold has plunged over 25%.
Gold was $5,378 per ounce on March 2; now it is about $4,021, a decline of about 25.3%.
The gains from safe-haven demand were crushed back by oil prices, inflation, and a strong dollar; gold prices fell, but gold ETFs were being bought, with net inflows of about $10 billion in September and holdings hitting a record 4,256 tons.
Geopolitical uncertainty does not mean prices will definitely rise. Do you still believe you should buy gold in troubled times? If yes, reply 1; if no, reply 2.
$BTC $ETH $SOL
#黄金 #比特币 #safe-haven assets
(Source: Finbold)
⚠️ Risk reminder: The above is a market information share and does not constitute investment advice; investing carries risk, so proceed with caution.
Gold was $5,378 per ounce on March 2; now it is about $4,021, a decline of about 25.3%.
The gains from safe-haven demand were crushed back by oil prices, inflation, and a strong dollar; gold prices fell, but gold ETFs were being bought, with net inflows of about $10 billion in September and holdings hitting a record 4,256 tons.
Geopolitical uncertainty does not mean prices will definitely rise. Do you still believe you should buy gold in troubled times? If yes, reply 1; if no, reply 2.
$BTC $ETH $SOL
#黄金 #比特币 #safe-haven assets
(Source: Finbold)
⚠️ Risk reminder: The above is a market information share and does not constitute investment advice; investing carries risk, so proceed with caution.
