🔴 GLD is trading 3.8% down today as Iran war fears spark oil surge and inflation concerns

GLD is trading 3.8% down today, sharply reversing from yesterday's close of $437.82 (+1.75%) as geopolitical tensions intensify.

• President Trump's comments signaling a potential 2-3 week conflict with Iran have sent oil prices soaring, with WTI hitting $107.80 (+7.65%) and Brent reaching $108.90 (+7.63%).
• The resulting inflation fears are pressuring gold's safe-haven appeal even as the broader market retreats, with the S&P 500 down 1.44% and the Nasdaq falling 1.99%.
• Escalating threats and the arrival of U.S. military reinforcements have effectively neutralized earlier hopes for a ceasefire or de-escalation.