Gold Falls to 43-Year Weekly Low; Why Did Safe-Haven Assets Crumble First?


【Plain Language Guide】Middle East conflicts seal the Strait of Hormuz, oil prices soar to $114, stagflation specter returns, Fed rate-cut dreams shattered, rate-hike expectations surge.

Gold, the king of safe havens, plummets 10.24% in a single week, touching $4,100 intraday, marking the worst 43-year record. Three reasons: US Treasury yields spike raising opportunity costs, Middle Eastern oil-producing nations' sovereign asset sales, and gold becoming the "ultimate ATM" amid liquidity crisis.

Bitcoin awkwardly follows suit downward; $2 trillion credit crunch landmine detonates.

Conclusion in one sentence: In face of true crisis, there are no safe-haven assets, only liquidity.

Details below:
BTC2,77%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin