Safe-haven retreat: gold and rivals plunge as Iran conflict fans inflation fears
TL;DR Summary
Gold and other precious metals fell sharply as investors fled safe-haven assets amid renewed inflation fears tied to the Iran conflict, with spot gold down more than 5% intraday and down about 25% from its late-January peak; silver, platinum and palladium also plunged, reflecting a broader shift into risk-off assets as yields rise and demand for bonds increases.
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- The Price of Gold is Sinking. What's Driving the Sell-Off? Investopedia
- Gold dives to 4-month low as inflation pressures lift rate hike bets Reuters
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