UK 02:18 Saturday, 17 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Gold closed the week back down at $4,154 as Iranian Peace In Our Time came under immediate strain and the Strait of Hormuz was closed again. Having closed last week at $4,218 it was a relatively small drop…..until you see that in between times the yellow stuff hit almost $4,400. Gold miners were hit hard, as can be seen on the chart below (courtesy of ADVFN) of the metal against its mining ETFs GDX, GDXJ and GOEX as the week played out, the one glimmer of hope being that they did not collapse towards a new low (yet…) for this correction.
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