Gold - Long - Significant Upward Momentum

٣ يناير ٢٠٢٠

Gold prices have surged on the back of a US air strike killing a prominent Iranian general prompting Iran to declare there would be severe retaliation on the US. Therefore we see Gold moving higher and challenging 2019 highs at $1557 and see support at $1537. However, unexpectedly hawkish comments from the FOMC minutes later today could put downward pressure on Gold prices but we presume the upward momentum will continue at present.