The David Lin Report · Friday, August 7, 2026
Gary Wagner points out the unusual lack of a typical gold price spike despite significant geopolitical events, such as military action between the US and Iran. He states that normally, such uncertainty drives gold prices higher, but in this case, gold remained stable or even decreased.
“The most interesting thing to me is the fact that the basic parameters, the primary moves in gold that we would expect to see didn't occur.”
“Typically, when you have uncertainty, especially geopolitical uncertainty and war and strife, you see gold spike higher. We saw the opposite. In the time that they started the US, into Iran, we've seen gold stable and lower.”