Gold Seller Trap, Refreshes multi-year Top to cross $1606.12 Amid Calls of Iran Attacks

Markets are now rushing to risk-safety but will also keep eyes on the US President Trump for further direction, Gold extends its northward trajectory to the levels last seen in April 2013.

Comex Gold prices remain solid around $1,606.12, after a high of $1,606.65, during early Wednesday. The safe-haven recently benefited from the news from Iraq where the US facilities have been attacked by Iranian forces.

Iran begins operation “Martyr Soleimani”

Multiple locations in Iraq, including the al Asad airbase that hosts US forces, are under attack by the Iranian forces. Bloomberg recently came out with the news mentioning that Iran has started operation “Martyr Soleimani” with several rockets being fired at Ayn al-Asad base in Iraq. The Middle East nation is taking revenge on the US killing of the key Quad force personnel during the late last-week.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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