Food prices are already high in Canada. Will the Iran war make them worse? 
Uranium Bull Market Gains Momentum Amid Supply Deficits and Geopolitical Tensions 
This fuel crisis could last for a while. It’s time for a new approach to fuel use - end it 
Strait of Hormuz blockade: the complex regional realities the US ignores at its peril 
Nigeria’s new election law leaves gaps: 5 reforms for free, fair and credible polls 
Strait of Hormuz: why even neutral and distant countries like Switzerland can’t escape the fallout 
Crypto tolls in the Strait of Hormuz shows why bitcoin thrives in times of crisis 
Risk aversion stemming from Islamic militants' attack on Paris and increased bombing in Syria failed to gain traction and equities rose globally yesterday after drop in early Asian hours.
As equities continued higher, Gold has taken opposite course, dropping below $1080/troy ounce. Gold is currently trading at $1177/pound, declining after making high around $1185/troy ounce.
Unless severe geo-political tension, which at this point seem unlikely gold might continue its drop towards $1050/troy ounce area.
US CPI data wasn't of much help either. Consumer prices rose by 0.2% in October and same for the core components. Yearly prices remained stable, growing at 1.9%.
Even Redbook index was better than prior, up 0.8% from a month ago.
Unless, Gold breaks above its downward sloping channel, which has been in place since April 2013, gold is more likely to test channel floor around $1050/troy ounce area.
