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Men's Weekly

Gold is meant to be a ‘safe haven’ in uncertain times. Why is it crashing amid a war?

  • Written by Rand Low, Associate Professor of Quantitative Finance, Bond University

Gold has long enjoyed a reputation as a financial “safe haven” during stormy times. But over the past few months of geopolitical chaos and market panic, the precious metal has moved more like a roller coaster than a steady ship at anchor.

In late January, the gold price surged to an all-time high near US$5,600 per ounce –...

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