RATE Group | Oil, Gold & Cryptocurrency Surge Post Vexed Killing of Qasem Soleimani
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Oil, Gold & Cryptocurrency Surge Post Vexed Killing of Qasem Soleimani

06 Jan Oil, Gold & Cryptocurrency Surge Post Vexed Killing of Qasem Soleimani

Posted at 11:13h in Cryptocurrency News by

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As tensions hike in the Middle East post the killing of Iranian General Qasem Soleimani, Asian share markets reflected shaking statistics on Jan 6. Reports show, gold rose to reach seven years high and oil flirted with four-month peaks.

US President Donald Trump warned that the country would strike
back possibly in a disproportionate manner, in case Iran attacks any American
person or target. After the killing of Gen. Qasem Soleimani by a US drone
strike, Iraq’s parliament on January 5 recommended all foreign troops to be out
of the country.

Sources have reported hiking gold prices at 1.6 percent to
US$1,575.37 per ounce in jittery trade. Analysts have expressed scepticism
about a further rise in oil prices, in near future, if the US-Iran conflict
hampers global supplies.

Records claim Brent crude futures upswing US$1.05 to US$69.65 a
barrel, while US crude climbed 94 cents to US$63.99. Although most major
indices were yet to open, the broadest…

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