Why Gold Isn't Acting Like A Safe Haven Right Now
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....
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Why Gold Isn't Acting Like A Safe Haven Right NowNASDAQ: IAUM
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