Gold Breaks 200-Day Moving Average, Loses Safe-Haven Status Amid Meltdown

Gold has suffered a sharp breakdown, slicing through its 200-day moving average during the latest wave of market turmoil. According to market participants, the precious metal is no longer acting as a traditional safe haven but is instead being sold off as collateral damage amid a broader liquidation.

The move has prompted a wave of questions from both short-term traders and longer-term gold holders, as the metal's price action shifts from defensive asset to risk-on casualty. The break below the key technical level signals a potential change in gold's role in portfolios, at least for now.