Gold’s Rally After the Iran Strikes Didn’t Last Long When the U.S. and Israel launched missile strikes against Iran, markets reacted almost instantly. Gold surged as investors rushed into safe-haven assets, pushing prices close to $5,400 an ounce. That’s exactly what you would expect during a geopolitical shock. But then something happened that confused a lot of traders. The rally didn’t last. Within a short period of time, gold pulled back as investors locked in profits and markets began shifting their attention back to other forces—things like interest rates, inflation expectations, and the strength of the U.S. dollar. Now, if you only look at the surface, it might appear that gold “failed” to behave like a safe haven. But that…
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