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When a sharp selloff in AI stocks wiped roughly $1 trillion from tech valuations earlier this year, gold unexpectedly moved lower as well. For some investors, the drop raised a troubling question: if gold is the ultimate safe haven, why did it fall alongside risk assets?
According to Tarek Saab, CEO of Texas Precious Metals, the answer lies in how markets behave during periods of sudden volatility.
“Gold remains uncorrelated to tech assets and to the broader equities markets at large, which is why many continue to increase gold exposure in strategic portfolios,” Saab told Benzinga.
Gold: Short-Term Moves Vs Long-Term Role
During sharp market shocks, investors often sell multiple asset classes simultaneously as they raise cash or …
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