Gold Should Have Exploded When the Iran War Started: Here’s Why It Did Not

TLDR: Gold spiked to $5,390 on February 28 but dropped 4% by March 4, settling at $5,093 after strikes. Oil surged 13% and jet fuel jumped 140% while gold gained only 2.3% since the Iran war began. Dollar strength from inflation expectations historically outbids gold in phase one of energy crises. Goldman Sachs targets $6,300 [...]

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