As the war on Iran enters its 18th day, gold prices have surprisingly remained steady at around $5,000 per ounce, despite rising oil prices and stock market declines due to the conflict. Experts suggest that this stability may be attributed to expectations of U.S. interest rate hikes, making dollar assets more appealing than gold. Additionally, gold’s recent strong performance means it may be less reactive to current geopolitical tensions, with analysts noting that its status as a safe-haven asset has diminished.
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Why are gold prices stable amid uncertainty from the Iran conflict?
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