Gold Crashes 22% Despite War: Is the Ultimate Safe Haven Failing Now?

• Gold and silver prices have plummeted despite the ongoing Iran-US conflict, challenging their traditional role as safe-haven assets.
• Gold futures on MCX fell 7% to Rs 1,34,200 per 10 grams, while silver futures dropped 7.80% to Rs 2,09,090 per kg.
• Gold has lost 7.3 trillion dollars in market cap since the Iran war began, a 22% decline from its record high.
• Experts attribute the correction to a strengthening US dollar and the escalation of the war, leading to expectations of prolonged high interest rates.
• The sell-off is driven by forced liquidation from Arab Gulf entities and institutional players, with gold becoming a source of funds rather than a safe haven during extreme uncertainty.