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Why Gold Isn't Acting Like A Safe Haven Right Now

Source: SeekingAlpha

2026-05-11 13:10:00 ET

By Ewa Manthey , Commodities Strategist

Gold has struggled since the Iran war began

Source: Refinitiv, ING Research

Why gold has sold off during the conflict

Gold’s safe-haven appeal tends to perform best in a financial crisis or growth shock – when real yields fall and the dollar weakens. A supply-driven energy shock does the opposite. Higher oil prices push inflation up, keep central banks on hold, and strengthen the dollar, all of which weigh on gold. High liquidity also makes it a source of funds when investors need to cover losses elsewhere....

Read the full article on Seeking Alpha

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Why Gold Isn't Acting Like A Safe Haven Right Now
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