Dip-Buyers Arrive to Pull Gold Back From Brink of a Bear Market

Gold prices slumped more than 14% this month, creating a test of faith for gold bulls that has left some questioning the precious metal’s safe-haven credentials as the Iran war threatens to upend the global economy.Photographer: Akos Stiller/Bloomberg

Opportunistic buyers are starting to emerge in the gold market after the biggest selloff in years, helping to keep bullion’s record-breaking three-year bull run intact.

Gold prices have fallen by 15% this month, creating a test of faith for gold bulls. That’s left some questioning the precious metal’s safe-haven credentials as the Iran war threatens to upend the global economy.