Gold has performed as a risk asset, and not as the supposed preeminent "safe haven" asset, during this geopolitical crisis.
Traders are setting asset prices - including gold at the moment - on Western exchanges. They’re solely focused on Fed policy and the prospects for rate cuts.
Once this conflict is in the rearview mirror, the fundamental - and irreversible - drivers of the gold bull market will reassert themselves.
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By Brien Lundin
A commodities reporter for the mainstream financial media emailed me last week asking me to summarize the state of the gold market.
I gave her lots of words, but could have replaced them
