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Gold could be about to rally as Middle East tensions spike

Growing violence in the Middle East over the weekend has seen tensions reach boiling point. Three American soldiers lost their lives and 34 more were injured in an attack in Jordan, putting pressure on President Biden to announce retaliatory measures.

With the very real threat of the war engulfing the entire region and further countries being pulled into the conflict, gold is beginning to see some safe haven demand bolstering prices.

If the situation deteriorates further and America and its allies are drawn into the conflict, it’s very likely that gold prices would spike. So far, President Biden hasn’t indicated what his response will be, but risk aversion is naturally ticking upwards as a response is awaited.

Buy gold now.

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