Wednesday, 16 October 2019
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Gold Prices Jump Amid Middle East Tensions; Investors Eye Central Banks Meetings
Monday, 16 September 2019 13:17 WIB | PRECIOUS METALS |GOLDEMAS

Gold Prices jumped on Monday in Asia after a strike against two Saudi Arabian oil facilities heightened tensions in the Middle East and boosted safe-haven demand.

Gold Futures for delivery on the Comex exchange gained 0.8% to $1,510.95a troy ounce by 12:38 AM ET (04:38 GMT).

An attack on Saudi Arabia's oil facilities on Saturday knocked out more than 5% of global oil supply, intensifying tensions in the Middle East and sent oil prices surging as much as 20%.

U.S. President Donald Trump said on Sunday the U.S. was œlocked and loaded for a potential response to the attack while Secretary of State Mike Pompeo said in a tweet that Iran has launched an œunprecedented attack on the world's energy supply.

Source : Investing.com

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