In the wake of the Hamas attack on Israel, gold prices have shot up.
Expansion of oil revenues enhances gold prices. As oil and gold prices move in tandem, recent escalating conflicts will cause oil and gold prices to surge due to increase haven demand.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments