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Gold Update: Is XAU/USD becoming a safe-haven asset again?
The last two trading sessions have been important for gold. The precious metal has gained more than 3.5% during this period, showing renewed short-term bullish momentum. For now, buying pressure has held as new tensions in the Middle East continue to support demand for safe-haven assets. This dynamic could be favoring stronger demand for gold and, if it continues, may keep supporting its movements over the next few trading sessions. Over the last few sessions, reports showed that Iran attacked a tanker in the Strait of Hormuz, while the United States carried out another round of airstrikes against Iran amid tensions ... (full story)
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From this point forward, any time the Islamic Republic of Iran shoots at a ship in the Strait of Hormuz, whether it be by Missile, Rocket, Drone, or any other device or weapon, the United States will bomb and destroy ONE BRIDGE OR POWER PLANT, including those located next to, or in, the Capital City of Tehran. Thank you for your attention to this matter! President DONALD J. TRUMP
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