Orbex

ORBEX: US Air Strike Sends Oil and Gold UP!

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
A US airstrike at the Bagdad airport killed Iranian General Qassem Soleimani’s.

Not only this is going to increase geopolitical instability in the region but it also questions the legality of the President's decision as he acted without Congressional approval!

US-Iran relations are taking a sour turn early in the year following an “extremely dangerous” attack that could set off a war.

See how oil and gold have been affected so far and how they are likely to perform in the short-term.

Timestamps
WTI 3H 01:50
GOLD 3H 04:15

Trade safe

Stavros Tousios
Head of Investment Research
Orbex

This analysis is provided as general market commentary and does not constitute investment advice

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