Gold vs oil: Which offers better protection from rising prices during the Iran war?

AI Summary

The ongoing conflict in Iran has shifted traditional investment strategies as Brent crude prices have surged by 37%, while gold prices have dropped 10%. This raises questions about classic asset protection during wartime.

Conventional wisdom holds that gold protects investors during war and inflation. The Iran conflict has turned that assumption on its head. Since the outbreak of the war, Brent crude has rallied 37%, while gold has fallen 10%. The driving force is interest rates, not geopolitics. The war in Iran has rewritten the inflation hedge playbook. ...