Gold Fell During a War. So Is It Really a Safe Haven?

Switzerland’s 30% gold export surge shows institutional demand is rising — yet gold fell when war broke out. Here’s what that contradiction reveals about gold’s true role as a safe haven asset.
Gold Price Drop March 2026: Why Gold Fell During an Oil Shock

The Strait of Hormuz is one of the world’s most critical energy chokepoints, carrying a massive share of global oil and LNG trade. Any disruption here can ripple through energy markets, influence inflation, and potentially drive demand for safe-haven assets like gold.
