Why Gold Prices Have Tanked Since the U.S.-Iran War

So, it turns out that gold isn't a perfect hedge against everything, but it still has a role to play in investor portfolios. Gold is down sharply since the start of the Iran war, as this chart shows. There are a couple reasons why this happened.The main one is probably that interest rates have risen. Investors are worried about the inflation impact of higher oil prices. And this means they expect central banks to hold rates steady, not cut them, and maybe even raise them.This chart here shows the yield on 1 ...