Rolling coverage of the latest economic and financial news Middle East crisis live: Starmer calls emergency meeting on UK economy; IEA open to releasing more oil stocks The gold price is sliding fast today too. Spot gold has dropped by 4.6% today to $4,280 an ounce, hitting a nearly four-month low. “With the Iranian conflict into its fourth week, and oil prices hanging around the $100 level, expectations have pivoted from rate cuts to potential rate hikes, which have tarnished gold’s appeal from a yield point of view.” Continue reading...