Veteran investor Peter Schiff on Sunday said traders were drawing the wrong lesson from the gold selloff during the escalating conflict between the U.S. and Iran.
Gold Selloff Defies Schiff’s View
Schiff, in a post on X, said traders were being “conditioned to believe that war is now bearish for gold” after the precious metal declined even as tensions between the U.S. and Iran escalated.
He added that investors betting against gold would be “in for a world of hurt” once markets recognize “that the opposite is true,” saying conditions are set for “a huge rally.”
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