Business
War and Inflation Are Supposed to Be Gold’s Friends. Not This Time.
This should be the time for gold to shine. The yellow metal has the perfect opportunity to demonstrate its role as a shield for investors against inflation and geopolitics.
Instead, it has crumbled: At one point Thursday it was down 14% from before the Israeli-U.S. war against Iran began. Investors would have been better off in the tiniest microcap stocks than in the oldest source of safety.
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