Gold moved against the direction of the war / What is the reason for the price drop?

While the escalation of regional tensions and wartime conditions usually leads to increased demand for gold as a safe asset, the global gold market this time moved against expectations and faced a price drop. A member of the board of the Specialized Gold Commission considered the sale of gold reserves by some countries to finance defence costs and the decline in demand following the drop in economic growth among the most important reasons for this trend.