Gold at All-Time Highs While Oil Drops — Safe Haven Rotation Accelerating

Gold (GLD) surged 3.7% to $429 while oil (USO) dropped 3.4% — a classic risk-off divergence. This aligns with prediction markets showing elevated geopolitical risk (Iran invasion at 49%, NATO Article 5 at 14%) and economic uncertainty (recession at 30%). The 10-year yield probability of dropping below 3.9% jumped 14¢, confirming the flight-to-safety narrative.