US-Iran war, April 5 -- Safe haven asset gold has remained volatile since the beginning of the US-Iran war. Despite continued geopolitical tensions, gold prices have declined by nearly 7% since February 28, indicating a shift in investor preference toward the US dollar as the primary safe-haven asset.

Gold prices rose around 2.2% over the week, though gains were limited as crude oil jumped more than 10%, heightening inflation worries and disrupting the usual safe-haven appeal, according to Sugandha Sachdeva, Founder of SS WealthStreet.

COMEX gold settled at $4,679.70 per ounce, while MCX gold closed at Rs.1,49,650 per 10 grams for the week.

Sachdeva further explained that the geopolitical developments remain uncertain as early indicati...