Gold prices are slightly weaker, weighed down by a stronger U.S. dollar and rising Treasury yields. Despite escalating tensions in the Middle East and ongoing strikes involving Iran, safe-haven demand has not translated into a sustained rally in precious metals.
Instead, investors have moved rapidly into the dollar and U.S. government bonds. Markets are grappling with a surprising reality: even in what many analysts describe as one of the most destabilising geopolitical events in decades, gold has struggled to hold its gains.
If war does not immediately drive gold higher, what does that tell us about the role of the dollar… and the role of gold? Why is the dollar rallying instead of gold?
In this new video, we explore why the dollar often rallies first during geopolitical shocks… and why gold’s role as monetary insurance may become even more important as the global financial system grows more political and uncertain.
About the author
David Russell
GoldCore
David is the CEO of GoldCore.
Until Summer 2023 he was the Director of Marketing and Communications, responsible for all marketing and communications strategies and branding.
David joined GoldCore in 2008 as Director of Business Development and later took over as Director of Marketing and Communications in 2020.
Prior to this Dave managed and operated his own Marketing Agency and completed multiple coaching qualifications.
"Working for GoldCore gives you a fantastic lens through which to view global financial and geopolitical developments. I am very proud to be part of a company that contributes to increasing investors understanding of these developments."
When he’s not at work, David is passionate about sailing and has completed the ‘Round Ireland Yacht Race’ twice.