Uncertainty In Middle East Helps Gold Soar – 7 January, 2020

Iranian missiles fired at U.S. forces in Iraq left investors scrambling to make their next moves, betting on the possibility of a wider conflict in the Middle East. After reaching its highest against the greenback since October, the yen reversed most gains, last trading a mere 0.08% higher than the dollar to 108.33. The dollar index fell 0.7% against six major currencies to 96.940, and the euro weakened by 0.04% to $1.1147. Gold jumped 1.16% reaching as high as $1,600 per ounce before settling at $1,592.18 per ounce once initial fears eased.