The price of gold, traditionally seen as a "safe haven" asset, has experienced a significant drop of about 20% since reaching an all-time high near US$5,600 per ounce in late January 2026, despite ongoing geopolitical conflict.

• Gold's price has lost approximately 20% from its peak in late January 2026.
• The asset's traditional safe haven status is being questioned due to its volatility amid market chaos.
• Large investors may be forced to sell gold to cover losses or meet margin calls, impacting its price.