In four days since the US killing of Iran's top general, gold is up ~$60/oz.
Unfortunately, the options on GLD (SPDR Gold Trust ETF) have not moved as expected. Typically, the GLD has traded at a ~$80/oz discount to the spot price. However, the GLD has not reflected the $60/oz increase in the spot market.
However, oil is up and the equity markets are down as traders come back for a normalized week after the Christmas break.
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