u/aquavelva5 ·
Reddit — r/investing
· March 16, 2026 at 19:42
· ⬆ 21 pts
· 💬 31 comments
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I guess I dont understand the elusive mojo for gold. Gold has gone down since the Iran war started and the dollar has gone up. Commodities have gone down. Why? I see the war as harmful. SO:
I can understand commodities, because the war is reducing consumption. So copper ect is down. Right?
But gold? I would think: war drives up deficit=insecurity in US and buy gold. Also oil war = inflation=rising gold. I do see a correlation of the dollar increasing and gold decreasing. But why is this happening? I thought investors would get spooked and buy more gold. are people buying bonds instead of gold? I do see the 10 year increasing. I am confused.