Posted on 10/08/2023 9:10:10 PM PDT by aimhigh
Gold prices climbed more than 1% on Monday as dramatic clashes between Israeli and Hamas forces over the weekend raised the risk of a wider Middle East conflict and spurred a rush to safe haven investments like bullion.
Spot gold jumped 1% to $1,849.51 per ounce by 0317 GMT, having hit its highest level in a week. U.S. gold futures climbed 1.1% to $1,863.70.
(Excerpt) Read more at finance.yahoo.com ...
Dow futures down $238.
let me know when silver gets to the moon, or even $50
Europe and American markets haven’t opened yet since the attacks.
Do you think metals aren’t going to soar?
How convenient
"Spot gold jumped 1% to $1,849.51 per ounce by 0317 GMT, having hit its highest level in a week. U.S. gold futures climbed 1.1% to $1,863.70."
Gold only came down, as the chart illustrates, from the mid $1,900s range about two weeks ago.
Yahoo Finance is getting as bad as the gold bugs who think gold and silver are the answer to everything.
Should have read: "Gold finally goes up a little after Israel declares war". I stress the term "little".
Monetary deflation causes commodities to go down - including oil, gold, and silver.
Their two-year outlooks do not look bright...
Double, double toil and trouble;
Fire burn and caldron bubble.
Fillet of a fenny snake,
In the caldron boil and bake;
Eye of newt and toe of frog,
Wool of bat and tongue of dog,
Adder’s fork and blind-worm’s sting,
Lizard’s leg and howlet’s wing,
For a charm of powerful trouble,
Like a hell-broth boil and bubble.
OK, you’ve got a handle on it for sure.
Hey, in my seventh decade I’ve seen many a bubble boil and burst.
Lots of Sheriff’s sale foreclosures in my neck of the woods in ‘09 and round two is about to begin.
If it “soars” to over $2050 I’ll sell but not holding my breath...
How true. Choosing a verb just to get someone to read (I will not) an otherwise worthless article is childish.
Wow! This is a once-in-a-month opportunity for savvy investors!
Regards,
yahoo finance, SOARS!................... 1 %
Gold soars?
I disagree.
Gold has been bouncing around the $1,900 level since July 2020.
Yup. You would think that it would have risen by at least 25 percent these past few weeks. Ditto gold.
1% increase is “soaring”?
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