Gold-Silver Ratio Hits 100:1 – A Historic Buying Signal for Silver 
Gold fell to $3,355 per ounce despite escalating Middle East tensions after the US and Israel attacked Iran’s nuclear facilities over the weekend. After initially rising 0.8%, gold reversed course as the dollar strengthened.
Why gold isn’t rallying: While geopolitical conflicts typically boost gold as a safe-haven asset, investors have two main concerns. First, they doubt the conflict will escalate significantly since Iran hasn’t retaliated and lacks support from Russia and China. Second, if tensions spike oil prices and fuel inflation, the Federal Reserve may keep interest rates high – bad news for gold, which pays no yield.
The bigger picture: Gold has still gained nearly 30% this year and sits just $145 below its April record high. Analysts expect prices to remain elevated due to ongoing uncertainty and supportive monetary policies.
