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home / news releases / IAUM - Gold Crude Oil Prices Soar On Rising Middle East Tensions FOMC Next

IAUM - Gold Crude Oil Prices Soar On Rising Middle East Tensions FOMC Next

iShares Gold Trust Micro

2024-07-31 09:15:00 ET

Summary

  • Gold and oil prices have surged due to rising tensions in the Middle East.
  • Gold with a trendline break as bulls eye $2480/oz, FOMC meeting next.
  • Brent crude oil found support around the 78.00 handle and is currently trading at 80.82 a barrel, with potential for further upside due to geopolitical risks.

By Zain Vawda

Gold and oil have both surged due to rising tensions in the Middle East, which began during the US session yesterday. An airstrike on Lebanon followed by an airstrike on Tehran targeting senior Hamas leader Ismail Haniyeh has significantly increased safe haven demand....

For further details see:

Gold, Crude Oil Prices Soar On Rising Middle East Tensions, FOMC Next

Stock Information
Company Name: iShares Gold Trust Micro
Stock Symbol: IAUM
Market: NYSE
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