Why the gold price jumped when peace broke out

When Iran announced the release of the captured British sailors last week, the gold price promptly jumped by $10. So what's happened to its 'safe haven' status? asks Adrian Ash.

WHATEVER happened to gold as a 'safe haven'?

'The British sailors are free. They can go back to their families,' announced Iran's president Ahmadinejad at a press conference on Wednesday, just as New York was about to open for business.

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Adrian has written all things gold related from if it’s worth buying, what the real price of gold should be and what’s the point of gold for MoneyWeek. He has also written for other leading money titles on his gold expertise including Business Insider, Forbes, City A.M, Yahoo Finance and What Investment Magazine. Now Adrian is head of the research desk at BullionVault, a physical market for gold and silver for private investors online.