How Soleimani's death impacts gold and oil prices? | Eurasia Diary - ednews.net

21 January, Tuesday


How Soleimani's death impacts gold and oil prices?

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The killing of Iranian top general commander of elite Quds Forces Qasem Soleimani by US airstrikes spiked tensions in the Middle East. The US-Iran confrontation influences the world market.

Gold prices hit $1,582 USD per ounce's highest prices since 2013. It also affected oil prices, Brent crude oil increased above $70 USD yesterday.

Currently, gold prices fell to $1,567 USD and oil prices to $68.24 USD.

Gold traders also pay attention to Brexit, Hong Kong crisis, US-China trade war and the Middle East tensions which impacts the world financial market.

Economists think that if Middle East tension de-escalates the prices could fall below $1500 USD.

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