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For June delivery, Front Month Comex Gold today jumped at $ 50.30 or 1.5% to shut down a high level of $ 3,431.20 per troy ounce. In particular, gold increased $ 108.50 or 3.3% this week.
Front Month Comex Silver for June delivery increased from 6.80 cents 0.2% to $ 36.281 per troy ounce today. Silver climbed 25.60 cents or 0.7% this week.
The apprehension of Israel, who attacked Iran, came true today when more than 200 Israeli Air Force fighter jets killed hundreds of nuclear and military goals in Iran. In this operation, three senior Iranian military leaders and six scientists were killed by the Israeli PM called “Operation Rising Lion”.
While US President Donald Trump has said that Iran brought the attack on its own, an Iranian spokesman warned that Israel would pay a “heavy price” for its attacks.
The geopolitical ecosystem was shaken with more rapid attacks and the hazards of counter-hurdles, the investors fought for safe-heaven assets.
In particular, the US dollar returned from its three -year low on Thursday.
On the trade front, Trump threatened to put unilateral tariffs on American trading partners with data on US inflation issued this week, pushed traders to yellow metal.
Analysts are looking at the developments as a prolonged fight between the two countries, the price of gold may increase significantly in the coming days.
The idea and opinion expressed here are the idea and opinion of the author and not necessarily Nasdac, Inc.
