Holding Dollars Instead of Gold in Chaotic Times: Is It Gold’s Twilight or the Dollar’s Last Radiance?
TradingKey - Following the escalation of the U.S.-Iran conflict, gold (XAUUSD) should have been the primary choice for safe-haven capital based on conventional market reactions to geopolitical instability. However, after surging to $5,400/oz, gold quickly retreated below the $5,000 mark and has since largely oscillated around $5,100. Meanwhile, the U.S. dollar, which had been consistently weakening, instead experienced a rally.