The Risk of War is reflected in the price of Gold

Home / Gold / The Risk of War is reflected in the price of Gold

The day which US bombed Syria with missiles saw gold moving up to 1270.66. However that move did not last and gold closed near the low of the day. The weekend saw no further tension till Russia warned US on attacks on Syria and we also have US war ships heading to North Korea which makes China uneasy. The developing conditions saw the Gold taking he highs of 1270.66. This move simply means investors are genuinely concern now on a potential risk of war. The same movement could be seen in the Dollar Yen pair in which investors flocked to Yen. Let’s hope the tension cools.