Gold Fails Safe Haven Test as Prices Plunge Amid War and Uncertainty

Gold prices are falling sharply, with precious metal dumping 8% so far this week and behaving more like Bitcoin than a stable store of value in times of economic uncertainty. The metal is now down 15% from its late January all-time high of $5,500 per ounce, slumping to a ten-week low of $4,550 on Wednesday, according to GoldPrice. “Gold was supposed to hedge the Iran war – instead it traded like everything else…