Even though the Iran-Israel war has entered its 18th day, the price of gold in the global market has remained unexpectedly stable. Usually, investors turn to gold as a safe haven during times of global conflict or instability, but this time the situation is different.
Oil prices have exceeded $100 per barrel due to the closure of the Strait of Hormuz in this war that began on February 28, but spot gold prices have stagnated around $5,000.
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