Gold's Pullback During Global Turmoil Does Not Change The Long-Term Bull Thesis

2026-03-04 14:35:41 ET

When geopolitical tensions erupt, as they have this week, investors reflexively flock to safe havens, with gold ( GLD ) leading the charge. However, this week's escalating conflict between the US, Israel, and Iran counterintuitively witnessed selling in gold and Treasury bonds, while the US Dollar and crude oil surged. To some, this price action indicates that gold has exhausted its safe haven status and may be vulnerable to a deeper correction. However, interpreting this drop as the end of gold's massive bull run misreads the mechanics that are driving prices in the short term and underestimates the continuing structural shift in global finance that appears to be strengthening....

Read the full article on Seeking Alpha

For further details see: