Gold safe haven status questioned as selloff continues in precious metals - Capital.com

Every major correction brings out the same tired narrative about gold losing its safe haven appeal. The metal just hit all-time highs above $2700 and now we're supposed to question its status during a normal pullback? This is textbook weak hands getting shaken out. Central banks added 800+ tonnes last year and aren't slowing down. COMEX registered gold sits near multi-year lows while open interest remains elevated. The fundamentals haven't changed - currency debasement, geopolitical tensions, and sovereign debt spirals are still very much in play. These selloffs are gift-wrapped entry points for serious stackers who understand that safe havens don't move in straight lines.