5 Iran War Facts Didn’t Boost Gold Price, Is Crypto the New Safe Haven?

Jakarta, Pintu News – Geopolitical conflicts usually make investors turn to safe haven assets such as gold and silver. But the latest situation shows a different phenomenon as the price of precious metals did not jump significantly despite the escalating Iran tensions. This change raises new questions regarding the role of alternative assets such as crypto and cryptocurrencies in global investors’ hedging strategies.

1. Geopolitical Conflicts No Longer Always Drive Gold Prices

Historically, military conflicts often trigger a rise in gold prices as investors seek assets that are considered safe. An example is Russia’s invasion of Ukraine in 2022 when gold prices jumped from around US$1,878 to US$2,051 per ounce or from around Rp31.82 million to Rp34.75 million in 10 days.

However, the gains were short-lived as global markets refocused on broader economic sentiment. This phenomenon suggests that the relationship between geopolitical conflicts and gold prices is now more complex than ever.

Also Read: 5 February 2026 CPI Facts: Bitcoin (BTC) Drops, Gold & Stable Inflation Risks You Should Know

2. Real Interest Rates Now Have More Impact on Gold Prices

Modern gold price movements are increasingly influenced by real interest rate expectations rather than geopolitical events alone. Market analysis shows a correlation of around 0.78 between Treasury Inflation-Protected Securities (TIPS)-based inflation expectations and gold prices.

This means investors pay more attention to central bank monetary policy than regional conflicts. As real interest rates rise, the attractiveness of gold as a non-yielding asset tends to decline.

3. Energy Market Can Affect Commodity Prices More

Conflicts in the Middle East often trigger fears of global energy supply disruptions, especially in the Strait of Hormuz. This strategic route passes through about 21 million barrels of oil per day or about 20-21% of world oil trade.

If conflicts disrupt these pathways, the impact on energy markets could be greater than the effect on gold. In many cases, investors are more focused on energy commodities than precious metals.

4. Modern Market Structure Changes the Role of Safe Haven

Major changes in the global market structure also affect gold price movements. Today, modern trading algorithms, ETFs, and portfolio strategies make the traditional link between safe haven assets and crises weaker.

Some of the factors that influence these changes include:

• Algorithmic trading that focuses more on technical signals than geopolitical news
• Liquidation of ETFs during crisis to meet margin calls
• Competition of alternative assets such as crypto and cryptocurrencies

This combination of factors makes gold’s price reaction to geopolitical conflicts no longer as simple as before.

5. Crypto is Starting to be Considered as a Safe Haven Alternative

The development of the crypto market has led some investors to start looking at cryptocurrencies as an alternative store of value. Bitcoin , for example, has reached a market capitalization of around US$1.3 trillion or around Rp22,028 trillion, although it is still far below the global gold market value of around US$12 trillion or Rp203,340 trillion.

While it hasn’t completely replaced gold, crypto is starting to become part of investors’ diversified portfolios. In some global crises, Bitcoin has even shown faster price recovery than traditional assets.

Also Read: 5 Things You Should Know: Can XRP Reach $4 in 2026?

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Gold-Based Crypto: When Physical Assets Meet Crypto Technology

As blockchain technology develops, gold can now be owned not only in physical form such as jewelry or bars, but also in digital form through gold-based crypto assets.

One of the most popular is Pax Gold (PAXG), a stablecoin backed by one troy ounce (t oz) of 400 oz London Good Delivery gold bullion, stored in Brink’s vaults.

PAXG tokens are available and traded on various crypto exchanges. PAXG is also an attractive alternative for those looking to hedge against inflation or global economic uncertainty, while remaining within the digital asset ecosystem.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Muflih Hidayat / Discovery Alert. Why Gold and Silver Prices Ignore Iran War Tensions. Accessed March 13, 2026.