🚀 Gold reaches fresh record highs above $2,270
Rally on the gold market sees no signs of easing. The precious metal is up over 1% today, and climbs above $2,270 per ounce mark for the first time in history. USD weakness and safe haven flows seem to be playing a key role in today's move higher.
Israeli strike on a building in Damascus, Syria that resulted in deaths of high ranking members of the Iran's Islamic Revolutionary Guards Corp has reignited fears over a Middle East conflict broadening. The strike was condemned by a number of Iran's allies, including Russia and China, while Iran itself vowed to retaliate in similar manner and magnitude. This sparks fears of a potential direct clash between Israel and Iran, and provides support for safe haven assets today.
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Source: xStation5
