(MT Newswires) COMMODITIES: Action Economics on Gold Action COMMODITIES: Action Economics on Gold Action
10:25 AM EST, 01/06/2020 (MT Newswires) -- As of near 10.50am ET, Action Economics noted futures had rallied to levels last seen in April of 2013, spiking to US$1,588.65 at the overnight open from Friday's close near $1,555. Prices have rallied from near $1,513 since the rocket attack that killed a U.S. contractor in Iraq, with safe-haven buying picking up speed in the aftermath of the drone strike on Iran's top general. Ongoing uncertainty will likely keep a floor under gold for now, AE said.
Looks like Gold now has support, gold miners will soon take off! Cheers to the patient