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Line chart comparing gold prices falling and Brent crude oil rising during the widening Iran conflict.

Gold fell for a sixth straight session through September 2, even as the United States carried out a second wave of strikes on Iranian military targets, while Brent crude moved the opposite direction, adding more than 4% intraday on September 2 after Iran retaliated against four countries. Behavioural economists Daniel Kahneman and Amos Tversky's work on the availability heuristic helps explain the split: recent, vivid war headlines can override the slower, less visible mechanism actually linking conflict to oil supply.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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