Israeli Attacks on Syria Affects Gold!!

Israel attack on Syria

Some traders said that what affected the gold prices to make a slight improvement on Monday were the attacks on Syria from Israel. The Syria –Israel situation is what led to some buying on the geo-political tension in the middle east.

On Syria news, gold did not take a boost. But rising uncertainty about stability in the region and helped to reinforce some buyers of the precious metal as a hedge.

Gold prices were increasing Monday on concerns about Syria and also an increase in physical demand as Asian stocks upturned.

A brief about the attacks:

Last week, Israel launched a missile into Syria targeting a suspected weapons site. There was another missile launched by Israel targeting the Jamraya research center, on Sunday. These attacks are a continuity of the Arab-Israeli conflict for decades.