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Stock impact report

Why gold prices are plunging amid the Iran war, despite being a supposedly safe asset [Yahoo! Finance]

LPL Financial Holdings Inc. (LPLA) 
Last lpl financial holdings inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lpl.com
Company Research Source: Yahoo! Finance
A slew of other assets have weathered the Middle East conflict in better shape. The S&P 500 has dropped 7% since the Middle East conflict began, while the tech-heavy Nasdaq has fallen 8%. Bitcoin has declined only 2%. "Surprise! Perhaps the most unusual move in markets during the Iran war has been the weakness of gold," Deutsche Bank Research said earlier this week. What's driving a surge in mortgage rates amid the Iran war? The gold selloff owes to overlapping factors, some experts said. These factors include the high price of gold before the war, the relative attractiveness of other low-risk assets and a mixed record of living up to its safe-haven status. At times, gold can "break free of longstanding patterns and trade to its own tune," Adam Turnquist, chief technical strategist at LPL Financial, said in a statement to ABC News on Tuesday. The recent drop follows a months-long stretch of blockbuster performance for gold. Last year, heightened geopolitical and economic un Show less Read more
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