14/06/2019

New tension on the markets

Tensions in the Gulf push the Gold metal

New tension on the markets

Two tankers, a Japanese and a Norwegian, were attacked this Thursday in the Arabian Sea. These attacks have directly pushed up the price of gold and this increase in the gold could be accentuated by the accusations of the Americans against Iran.

As a reminder, Iran controls the Strait of Hormuz which is an essential gate out of the Persian Gulf and has threatened in the past to close it following the sanctions of the Americans against the Iranian economy.

The Islamic Republic defends itself from being at the origin of these attacks and judges the accusations of the Americans "without foundation". They also claim that Iran had come to aid of the ships in distress and rescued their crew.

These attacks and accusations are raising fears of a new embrace in the region which pushed gold up. It was above $ 1355 an ounce this morning and could continue to rise depending on the reactions of the various parties.

News See all
Here you will find important information on economic and financial news as well as information that may have an impact on your investments in gold or foreign currencies
The Gold Risks: Shine Without Stumbling in Gold Investments
2024-05-29

The Gold Risks: Shine Without Stumbling in Gold Investments

In the complex and sometimes tumultuous world of investments, gold shines as a safe haven, an anchor of security in a sea of volatility. However, investing in gold is...
Investing in gold - part 3: The different factors influencing the price of gold
2024-05-08

Investing in gold - part 3: The different factors...

The first steps towards investing in gold - part 3: The different factors influencing the price of gold
Gold Investment: Comparing Mining Stocks and Physical Gold
2024-04-23

Gold Investment: Comparing Mining Stocks and Physical Gold

In today's financial landscape, the allure of physical gold is in the spotlight. It offers a robust investment alternative to the...
Rising Safe Deposit Box Charges?
2024-04-22

Rising Safe Deposit Box Charges?

A major Belgian bank recently announced a significant increase in the rental fees for its safety deposit boxes, effectively doubling the costs for its entire range. This price hike came into effect...