Bitcoin is not the only asset going up – The gold rally continues

Gold has risen 10 percent over the past four weeks, and climbed to its highest price level in six years. Oil prices fell after rising last week, and Bitcoin is still holding above the magic price $10 000.

The gold price continued up on Tuesday morning, having risen 10 percent over the past four weeks, and climbed to its highest level in six years.

The US’s latest sanction against Iran diluted the global market turmoil, which, together with the US-China conflict, lower interest rates and a weaker dollar fueled the gold price.

President Donald Trump’s sanctions against Iran’s top leader, Ayatollah Ali Khamenei, and eight senior military commanders are a provocative step to put pressure on the Islamic Republic, Bloomberg News said.

Oil prices fell back after rising last week. Above all, there is concern over a reduced demand for the raw material behind the price decline, but Donald Trump’s sanction against Iran limited the price decline.

 

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