gold price forecast , Gold Soars as Middle East Tensions Boil

gold price forecast , Gold Soars as Middle East Tensions Boil

gold price forecast , Gold Soars as Middle East Tensions Boil

 

gold price forecast  Late on Thursday night, the Pentagon stated: “At the direction of the President, the U.S. military has taken decisive defensive action to guard U.S. personnel abroad by killing Qassem Soleimani

Iranian secretary of state Mohammad Javad Zarif was quick to condemn the attack, tweeting; “The US’ act of terrorism , targeting & assassinating General Soleimani—THE best force fighting Daesh (ISIS), Al Nusrah, Al Qaeda et al—is extremely dangerous & a foolish escalation. The US bears responsibility for all consequences of its rogue adventurism
gold price forecast  Tensions escalated on December 27th, when a U.S. civilian contractor was killed during a rocket attack on a military base near Kirkuk, Iraq. The U.S. retaliated with air strikes against Iranian-linked militia fighters in Iraq and Syria, reportedly killing 24 people. Anger over these casualties led to the present week’s attacks by Iraqi militiamen on the U.S. Embassy in Baghdad

Gold and therefore the Japanese Yen are primary safe havens in times of geopolitical instability and both rallied sharply on the newest news. Oil prices also spiked higher with WTI petroleum reaching its highest levels since April of 2019. U.S. stock market index futures currently point to a lower open
gold price forecast  Investors now turn their attention to the minutes of the Federal Reserve’s December policy meeting, thanks to be released afterward Friday. In December, the Fed held the firing range of the federal funds rate steady at 1.5% to 1.75% and signaled that it could still hold rates where they're through 2020