Which Asset Is the Best War Hedge? The 2026 US-Iran Test
US stocks proved the strongest hedge during the 2026 US-Iran war, while gold, silver, and Bitcoin (BTC) all lost ground. The assets investors bought for safety delivered the weakest returns of the conflict. The war ran from February 28 to June 17, 2026, before a July flare-up reopened hostilities. Across that span, the S&P 500
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