Gold Prices Fall: Why Isn't the Safe-Haven Logic Working? Let's talk about gold this weekend. Uncertainty remains in the Middle East, yet US AI stocks experienced a sell-off, causing gold to weaken as well. Normally, the more unsettled the market, the more sought-after gold becomes. Why is this time different? The key is that gold prices are influenced not only by safe-haven sentiment but also by interest rates and capital flows. US employment data remains resilient, with initial jobless claims falling to 194,000, impacting market expectations for a Fed rate cut. If interest rates remain high for longer, the dollar will strengthen, putting pressure on gold. Meanwhile, the decline in US stocks may prompt investors to adjust their positions and replenish cash, potentially leading to gold being sold off. While safe-haven demand persists, it doesn't guarantee a rise in gold prices. To analyze gold, besides geopolitical tensions, pay attention to three signals: changes in the dollar and interest rates, market capital flows, and whether gold prices can gradually stabilize. The crucial next step is to see if the selling pressure eases. A price drop does not necessarily mean the market has bottomed out. Instead of rushing to guess the bottom, it's better to wait for a clearer signal from the market. Market risks exist; invest with caution. The above content is for market observation only and does not constitute investment advice.