Gold Erases Week's Plunge at $4500 as Iran War Worsens

From bullionvault.com

The gold price rallied further on Friday as Israeli warplanes bombed Beirut and Iranian missiles hit the Saudi capital, regaining the $4500 level despite news that major central-bank gold buyer Turkey has sold and borrowed against some of the nation's bullion reserves to raise cash. Global stock markets fell hard yet again, taking the US S&P500 index 6.7% lower from the last day of February − eve of the US-Israeli airstrikes on Tehran − as crude oil leapt once more amid reports of shortages and panic petrol buying worldwide. "It takes two to TACO, and Trump's sensitivity to higher energy prices is well understood in ... (full story)