Gold cracked $1600 on news of the Iranian retaliation. We might see some elevated gold prices while this sabre rattling and escalation continues. Interestingly a lot of the gold mining stocks seem to be lagging and don't seem to be pricing in the move. So either this is a short term spike or we are going to see some big moves on the miners very soon!
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Great observation, noticed the same thing with the miners. Watching silver as well, I think it has more upside than gold.