Gold Steady After Two-Day Drop as Iran War Fans Inflation FearsPosted by MarketsWireGold steadied after a two-day drop as investor focus remained on talks between the US and Iran, with the indefinite closure of the Strait of Hormuz continuing to heighten inflation risks.1 repliestomspark wrote:Geopolitical risk premiums are real, but gold's been a terrible hedge over the last decade — equities in safe havens like Singapore crush it. This is just fear trading.