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EN
Gold soars past $5,500 as Trump sabre rattles over Iran
['Afp News', 'Thu', 'January At Am Gmt', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
"Hopefully Iran will quickly 'Come to the Table' and negotiate a fair and equitable deal -- NO NUCLEAR WEAPONS -- one that is good for all parties.
Iran's foreign minister Abbas Araghchi warned Wednesday its forces would respond immediately and forcefully to any US military operation -- adding that its forces have their "fingers on the trigger" -- but did not rule out a new nuclear deal.
- 'Inverse of confidence' -Stephen Innes said the surge in gold indicated deeper structural concerns.
"After blowing through $5,500 in early Asia, bullion is no longer trading like a commodity.
When belief in policy coherence weakens, gold ceases to behave like a hedge and instead acts as an alternative.