Wednesday, March 3, 2021

Tag: Escalating Middle East Conflict Sends Gold Soaring

Escalating Middle East Conflict Sends Gold Soaring

from Birch Gold Group:

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold prices hit six-year highs after U.S. strike kills Iranian general, what to expect from gold prices in 2020, and stash of 1,200-year-old gold coins discovered in Israel.

Gold soars alongside other havens after U.S. airstrike kills top Iranian general

On Friday, the appetite for safe-haven assets intensified as investors looked to shield themselves from repercussions of a potential military conflict between the U.S. and Iran. Gold, bonds and the Japanese yen all saw an increase in demand as it was revealed that the deployment of 750 U.S. troops to combat Iran-backed militias in Iraq resulted in the death of Iranian general Qasem Soleimani.