As Russian soldiers gathered on their country's borders with Ukraine at the beginning of 2022, investing in gold seemed a safe bet. Gold, after all, was the safe haven in turbulent times. When Russian soldiers crossed into Ukraine in February, conventional wisdom was proved right again as gold prices rose.
By end-September, however, gold prices measured in US dollars had fallen for the sixth straight month. "In a sense, it's counterintuitive," says Somasundaram PR, managing director of the India office of World Gold Council.
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