Gold is struggling to work as the safe haven it often becomes during times of war and crisis as central banks and exchange-traded funds popular with retail investors sell bullion, putting pressure on the metal’s price.
Since the outbreak of war between Iran and the United States, gold has slid 8.1 per cent to $US4806 an ounce, although that is a rebound from a slump that reached almost 15 per cent in the first month of the conflict.
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