Watching a red candlestick plummet on an asset that represents ultimate security, Gold, can send chills down any investor's spine. Today, (PAXG/USDT) has experienced a violent shake-up that drove the price down to around $4,680, leaving many wondering: Is this the end of the safe haven or a BUY opportunity?
Geopolitics: The 'De-escalation Effect'
The main driver behind this drop is geopolitics. After weeks of heightened tensions between the U.S. and Iran, recent reports of a potential third-party mediated diplomatic agreement have removed the 'war premium' that kept gold above $5,000.