The Crisis in Ukraine Isn’t Saving Gold

The recent conflict in Ukraine has provided an opportunity to better understand how the gold market works, say experts.

As mentioned by CNBC:

Many turn to bullion in times of turmoil, viewing gold as a safe haven asset that rises when situations gets scary.

But according to gold experts, that betrays a basic misunderstanding of how the gold market works.

Edward Meir, senior commodity consultant with INTL FCStone, said:

I don’t think the geopoliticals are doing anything for gold. And the only time they do is if they destabilize the equity market

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