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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.
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