(Mike Maharrey, Money Metals News Service) After an initial safe-haven boost at the onset of the Iran war, gold corrected and has behaved more like a risk asset. However, HSBC analysts say the de-dollarization trend still makes the yellow metal a good long-term investment.
As I have noted, wars in the modern era haven’t had a major impact on the gold price beyond an early safe-haven bid. After a brief initial spike, other factors in the economy have tended to drive the gold price, particularly the trajectory of monetary policy.
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