“The range of potential scenarios is very large; spanning oil supply shocks or even oil demand destruction — which would be negative to oil prices,” the Wall Street bank said in a note, adding under most outcomes gold is likely to rally beyond the current levels. Over the weekend, U.S. President Donald Trump threatened sanctions against Iraq after Baghdad demanded that American and foreign troops leave, amid a growing backlash over the U.S. killing of a top Iranian military commander. Concerns about a further escalation in the Middle East tension sent gold prices to their highest in almost …read more
Source:: Yahoo Finance
