Why aren’t gold prices rising, despite Iran war uncertainty?
AI Summary
Despite the ongoing war on Iran, which began on February 28, 2026, gold prices have remained surprisingly stable at around $5,000 an ounce. Typically, gold acts as a safe-haven asset, increasing in value during times of economic uncertainty and global conflict. The war, involving the United States and Israel, has escalated across the region, causing oil prices to rise above $100 per barrel after Iran announced the Strait of Hormuz was closed. While stock prices have fallen, gold's steadiness is unexpected, especially compared to the price surge seen during the Russia-Ukraine war. The usual panic-driven investment in gold has not materialized during this conflict.
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This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
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