When commodity markets opened for the first time since the US and Israel attacked Iran, the reaction in gold was typical.
Prices of the yellow metal spiked as investors sought safety in bullion, pouring $10.3 million into local gold exchange-traded funds – a massive jump from the usual daily average inflow of $253,000, according to BetaShares. But the flight to the traditional safe-haven asset has proved surprisingly short-lived.
Loading…