Khamenei's death confirmed, why did gold fall while BTC rose?
I summarized these four points for my brothers as a reference.
Positive news realization: The risk aversion sentiment in the early stage of the airstrike has already overdrawn the increase, and the confirmation of news has led to speculative profit-taking.
Dollar siphoning: The U.S. side strongly controls the situation, and risk-averse funds shift from 'non-yielding gold' to 'yielding dollar assets'.
Risk premium retreat: The market bets that a regime change may bring a moderate shift, and the long-term uncertainty premium of geopolitical conflict decreases.
Technical pullback: The previous period was severely overbought; influenced by expectations of Federal Reserve policy and liquidity demand, gold prices enter a technical correction.