Gold's drop came even as Iran's Revolutionary Guard struck three tankers near the Strait of Hormuz and the United States revoked Iran's oil sales licence, moves that pushed Brent crude up more than five percent the same day. A stronger US dollar and rising Treasury yields did more to move bullion than the escalation itself, a divergence researchers link to the availability heuristic, where vivid war headlines outweigh quieter rate-driven mechanics in how investors expect markets to react.
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