7:51 AM · 8 January 2020

BREAKING: Gold hits $1610 as Iran responses

A fresh turmoil has been seen on the markets today as investors have been rattled by Iran’s rocket attack on the US military base in Iraq in response to the killing of the Iranian commander. Indices plunged while oil and gold rallied. Gold crossed the $1600 barrier for the first time since 2013 and although markets have calmed down a bit the gold rally looks very well supported. The key support is at $1557 while there’s no obvious resistance in sight.

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Commodities Technical analysis

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