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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Oil and gold rose sharply on the news of a possible strike on Israel

October, 01 2024
watermark Economic news

Iran's missile attack against Israel will be carried out in the next few hours, the American newspaper Axios said, citing a US intelligence source.


The White House is concerned about Iran's possible preparations for a military attack on Israel. The United States is actively preparing to help Israel defend itself and warns Iran of the «serious consequences» of such an attack. 


Against the background of this news, gold, acting as a protective asset, sharply accelerated growth. The current value of an ounce of gold reached $2,690, adding 1.18%, which again brought it closer to record highs around $2,700.


Brent crude, which had previously shown a decline, turned around and jumped by 2.65% during trading. Futures reached $74.20 per barrel.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.