Gold has long enjoyed a reputation as a financial “safe haven” during stormy times. But over the past few months of geopolitical chaos and market panic, the precious metal has moved more like a roller coaster than a steady ship at anchor.
In late January, the gold price surged to an all-time high near US$5,600 per ounce – effectively double what it was a year earlier. It’s lost about 20% since then, sliding sharply while major conflict broke out in the Middle East.
