During the current US-Iran conflict, traditional financial hierarchies have been reset, with Bitcoin acting as a leading safe-haven asset while gold’s status declined. The war dynamics bolstered the value of the U.S. dollar, which has been reaffirmed as the ultimate safe-haven currency by the International Monetary Fund. The IMF’s chief economist noted the dollar appreciated during hostilities, validating its role, while some analysts maintain bullish long-term forecasts for gold’s price potential.
The ongoing US-Iran war has altered the market’s definition of safe havens, with Bitcoin emerging as a leading asset and gold taking a backseat. The conflict has instead strengthened the U.S. dollar, reinstating its traditional role during geopolitical turmoil.
The International Monetary Fund has reiterated the dollar’s status as the ultimate safe-haven asset. The organization’s chief economist, Pierre-Olivier Gourinchas, stated that the dollar’s appreciation throughout the conflict proves its dependability, a fact that was recently reiterated.
“Since the beginning of hostilities… the dollar has appreciated… capital has been flowing out of emerging markets. I don’t think that there is a lot of questioning about the… place of the dollar in the international monetary system,” he stated. This performance counters concerns about the currency’s weakness from the previous year.
Despite gold’s recent decline, analysts like Rashad Hajiyev forecast a bullish future for the metal. Hajiyev projected gold could reach $7,000, with a potential rally to $8,000 also on the cards.
He noted the current bull run’s accelerating momentum, suggesting such a gain could occur within a few months. “Previous gold’s breakout resulted in a 65% gain over a 5-month period… I would not be surprised if gold reaches $8k or rallies the same 65% within 3-4 months or by late summer 2026…” Hajiyev said.
