No qualifying author-owned investment thesis was confirmed in this post.
no investment thesis: author asks why gold and commodities fell during the Iran war without stating a directional position or trade
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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.