Bullion had definitely not been behaving as a haven as the U.S.-Israel war with Iran rumbled on. At one point early Monday, Nymex gold futures GC00 fell as low as $4,100 an ounce, down an unusually large 10% on the session.
Analysts see two likely causes of the gold, and for that matter silver SI00, selloff. In the run-up to recent highs precious metals had attracted a lot of individual investor s...