Precious Metals

The Crisis in Ukraine Isn’t Saving Gold

Precious Metals

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

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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