Markets React To Escalation of Hostilities

GOLD

January has been a good month for Gold prices since 2014, and the first two days of 2020 hasn't been any different. Gold is currently up $31 in 2020, on a potential of war with Iran. Last night the U.S. killed the head of Iran’s Quds Force, Major-General Oassem Soleimani. The world’s financial markets are reacting to this escalation of hostilities with Iran. Both oil and precious metals have moved higher. At 11am PT today, Gold is trading at $1,550 per ounce, up $23 on excellent volume.

SILVER

Silver rallied with Gold on the Iranian news, reaching a high of $18.20 before selling hit the market. Silver isn’t showing the same demand and price increase as Gold. At 11am PT today, Silver is up $0.20 per ounce, trading at $18.09 on good volume.