What's Behind the Sell-Off In Gold on Tuesday?

WHY THIS MATTERS TO YOU Key Takeaways Intensifying conflict in the Middle East is driving stocks, bonds and even some safe-haven assets lower on Tuesday. One of those have typical havens, gold, is down sharply after surging in the immediate aftermath of the initial strikes on Iran over the weekend. That's dragging mining stocks down along with it. The SPDR Gold Trust (GLD), a popular exchange traded fund tied to the price of gold, was down 4% recently, as the spot price of the precious metal dropped to arou ...