"Although gold prices tend to be higher on average after a crisis event, there are 'greater differences between individual cases than the average might suggest.' He told DW that Deutsche Bank observed a similar pattern last year following Israel's attacks on Iran."
"The gold price has not benefited from the uncertainty caused by the Iran war. On the contrary, it is actually trading lower than before the war began. He says there are two factors at play here."
Gold traditionally serves as a safe-haven asset during crises, with demand typically rising during wars and pandemics, pushing prices higher. Gold reached an all-time high of $5,417.60 per ounce on January 28, 2026. However, during the Iran war beginning February 28, gold prices did not continue rising despite market uncertainty. One week into the conflict, gold traded at $5,327.42 but subsequently stabilized between $5,000-$5,200 per ounce. Experts note that while gold prices tend to be higher on average after crisis events, individual cases show greater variation than averages suggest. Commodities analysts observe that gold is actually trading lower than before the Iran war began, indicating that crisis events do not uniformly guarantee gold price increases.
Read at www.dw.com
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