$SPDR Gold Shares(GLD.US) Renewed conflict in the Middle East has stressed the commodity markets, particularly gold, with prices falling due to a stronger dollar and rising oil prices. An Iranian missile attack on Kuwait and U.S. military strikes have dimmed hopes for a swift US-Iran peace deal, causing markets to adjust their expectations for US interest rates. There is now a 42% chance of a rate hike in December, with expectations that a strong jobs report may further shift monetary policy outlook. These have led to a stronger dollar, major sell offs in the equities market, especially with growth tech stocks, and a drop in precious metals as well. @Bridge Buzz SG
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