Gold, Oil Jump Following Uncertainty In Middle East

The price of gold and oil has rallied this morning off the back of continued uncertainty in the Middle East.

The rally follows the launch of long range rockets by Hamas into the territory of Israel, while the terrorist group calls on Friday to be a “Day of Jihad.” Israel meanwhile is expected to imminently launch a ground attack in Gaza following the events that have unfolded over the course of the last week.

Gold has rallied by over 2%, hitting a high of $1.919 this morning, while currently trading in the $1,912 range following the unfolding events.

Followers of the gold markets however are not yet convinced that it will be sticky, while still waiting for its big climb.

Not to be outdone, silver has also jumped off the geopolitical uncertainty, climbing 3.5% to over $22.60.

Oil has also climbed this morning, hitting a high of $86.87, a jump of over 4%.


Information for this briefing was found via TradingView and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

A Gold District Hidden In Plain Sight!? | Michael Bennett – Altamira Gold

200 Grams of Gold And 21% Copper — That’s Not Normal | Matt Wilson – Sterling Metals

Silver at $100? This Time It Might Stay There. | David Morgan

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

$3000 Gold: Why Major Miners Are Racing Back to Japan | John Proust – Japan Gold

In this interview, John Proust, the Chairman and CEO of Japan Gold Corp. (TSXV: JG),...

Friday, February 14, 2025, 02:50:00 PM

China’s Gold Imports Surge 17% in July

China’s net gold imports through Hong Kong increased by 17% in July compared to June,...

Wednesday, August 28, 2024, 07:54:21 AM

Burkina Faso Is Cracking Down On Gold Exports

Burkina Faso’s military leadership has announced an immediate halt on the issuance of export permits...

Friday, February 23, 2024, 10:38:00 AM

Aurelius Minerals Intersects 149.0 G/T Gold Over 0.7 Metres At Aureus East Project

Aurelius Minerals Inc. (TSXV: AUL) released this morning the drilling results from its recently acquired...

Tuesday, August 10, 2021, 12:25:39 PM

The Next Gold Fortune Won’t Be In Canada?! | Anthony Milewski  – The Oregon Group

Anthony Milewski from The Oregon Group has a compelling take on why gold’s current move...

Saturday, September 27, 2025, 09:04:00 AM