Gold prices skyrocketed and lasted
Escalating tensions in the Middle East push gold prices
Gold and crude oil prices rose sharply on escalating tensions in the Middle East and concerns about a wider conflict. Any escalation in tensions in the Middle East or a dovish statement from Fed Chairman Jerome Powell tonight could send both commodities higher.
Iran's leadership has made strong statements: President Masoud Pezeshkian warned that Iran would "make the occupiers (Israel) regret this cowardly act". Supreme Leader Ayatollah Ali Khamenei added: "We consider it our duty to avenge him".
These provocative statements are raising concerns about the possibility of a wider conflict in the region. Above all, the prospect of a full-scale war in the Middle East is causing more worries about the potential impact on global energy markets and international relations.
Gold and crude oil prices rose sharply on escalating tensions in the Middle East and concerns about a wider conflict. Any escalation in tensions in the Middle East or a dovish statement from Fed Chairman Jerome Powell tonight could send both commodities higher.
Iran's leadership has made strong statements: President Masoud Pezeshkian warned that Iran would "make the occupiers (Israel) regret this cowardly act". Supreme Leader Ayatollah Ali Khamenei added: "We consider it our duty to avenge him".
These provocative statements are raising concerns about the possibility of a wider conflict in the region. Above all, the prospect of a full-scale war in the Middle East is causing more worries about the potential impact on global energy markets and international relations.
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