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How Geopolitical Tensions Affected Gold & Silver Prices | The Mesh Report

How Geopolitical Tensions Affected Gold & Silver Prices

Mike Hammer January 3, 2020 Comments Off on How Geopolitical Tensions Affected Gold & Silver Prices

The US retaliated for Tuesday’s protest-attacks on the embassy in Baghdad, with an airstrike that killed Iranian General Qassem Soleimani“Geopolitical uncertainties” are often cited as one of the top drivers of gold prices, because when people get nervous they want things that are permanent, small, portable, and valuable. This is yet another instance when that old formula is proved relevant: just as gold was easing down, away from upper resistance, an international conflict drives prices up.

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