January 08, 2020

After rising above $1,610.00 last night when Iran bombed two Iraqi airbases housing US troops, gold has since retreated significantly and is currently trading at $1,560.00 on apparent easing of tension between the two countries.  No lives were lost in the attack prompting speculation that Iran was merely showing their military capabilities.  President Trump’s response this morning called for increased sanctions against the Iranian regime but no military response.  Stocks are surging today with the S&P and Nasdaq hitting record highs.