Gold has found follow through buying in the post-COMEX and Asian sessions which has led it to a fresh 25-year high of 570.50oz and in the current climate of inflationary concerns due to rising energy costs and geo-political uncertainties, particularly in the Middle-East, gold looks set to continue higher, targeting 575oz and potentially 600oz in the short-to medium term.
Quotes about middle-east (3 Quotes)
We have to fight radical Islam wherever it exists. It's in Afghanistan, it's in Saudi Arabia, throughout the Middle-East in big numbers and it's in the United States.
If there's another 9/11 or a major war in the Middle-East involving a U.S. attack on Iran, I have no doubt that there will be, the day after or within days an equivalent of a Reichstag fire decree that will involve massive detentions in this country.