Wednesday, March 3, 2021

Tag: Ongoing Conflict With Iran Causes Gold Prices to Swing Wildly – Nathan McDonald (10/01/2020)

Ongoing Conflict With Iran Causes Gold Prices to Swing Wildly – Nathan McDonald (10/01/2020)

by Nathan McDonald, Sprott Money:

Gold, silver, oil, and the general markets as a whole have experienced one heck of a wild ride over the past week, as the conflict between the United States and Iran boiled over, turning from a war of words to an actual shooting war.

As reported on last week, this conflict kicked into high gear after the United States preemptively attacked and killed one of Iran’s top generals, Qassem Soleimani, enraging the people of Iran and their government.

According to the United States, their intelligence indicated that this strike was necessary to protect their assets and citizens across the globe, as they believed Qassem Soleimani was helping orchestrate attacks on their people.