We have a war and somewhat tense international relations, so why is gold dropping. Can’t seem to find any reason for this:
Gold, Silver Rate Today Live Updates: Gold and silver prices dropped on Monday in the international markets. Analysts expect the volatility to continue as the US-Iran war continues and oil prices stay elevated.
Wendy addressed this very topic yesterday right here on this board:
Specifically, read the section entitled, “War and Inflation Are Supposed to Be Gold’s Friends. Not This Time.”
Pete
I have heard some kind of explanation, not sure if a agree with it though.
There is a large amount of gold ‘stuck’ in The Middle East which people cannot ship. This has to be insured and stored, both expensive in the circumstance. There are also risks that cannot be insured against. Owners are therefore dumping their gold onto the market for whatever they can get for it, thus the fall in the price. I imagine that there would need to be an a lot of gold sold for this to affect the market this way.
Gold is creeping back up 