
Gold is meant to be a ‘safe haven’ in uncertain times. Why is it crashing amid a war?
Gold prices have crashed 20% from their January peak of $5,600 per ounce amid Middle East conflict, challenging its safe haven status due to energy shocks and financialisation. Experts explain that unlike past financial crises, current oil disruptions lead to forced selling and profit-taking, absorbing volatility from broader markets.



















