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Breaking News: Gold Rose to 2013 High After Iran Attacks Iraqi Base Housing US Troops

Posted by Fullerton Markets on January 8, 2020 at 4:10 PM


Iran’s retaliation could be seen to the US administration as an “act of war” which could further escalate the current conflict. Safe-haven bets could be your best bet.

  • Iran launched a dozen missiles at two Iraqi bases housing US troops earlier this morning in retaliation after a US airstrike killed a top Iranian General last week.
  • A US official said there was no initial report of US casualties, but an assessment of the impact of the strikes is underway.
  • Trump’s first tweet on the attacks was “All is well!” and he will only be making a statement tomorrow.
  • We believe that Trump could use this attack on Iraqi bases as justification for further conflict.
  • Gold could move higher towards 1663 if Trump were to announce the attack as an act of war.

 

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Fullerton Markets Research Team

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