Gold prices crash! US-Iran war wipes out $9 trillion yellow metal market cap - why is gold falling & is it losing safe haven appeal?

In times of geopolitical uncertainties, gold is the go to investment - it’s a time-tested safe haven that investors rush to. Then why are gold prices plunging amidst the ongoing war? Does this mean that gold’s safe haven appeal is fading?

Gold prices crash! US-Iran war wipes out $9 trillion yellow metal market cap - why is gold falling & is it losing safe haven appeal?
In times of geopolitical uncertainties, gold is the go to investment - it’s a time-tested safe haven that investors rush to. Then why are gold prices plunging amidst the ongoing war? Does this mean that gold’s safe haven appeal is fading?