GLD: Explaining The Inverse Correlation Between Oil And Gold Prices

Gold prices have been reacting in an arguably unpredictable way to the Iran war. One would ordinarily expect the safe-haven buying effect to drive the price of gold higher at a time of great upheaval. Nearly three weeks into thisAnalyst’s Disclosure: I/we have a beneficial long position in the shares of GLD, BAC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). ...