Trump Tweets Russia “Get Ready” For Missiles In Syria – Gold, Oil Rise and Stocks Fall

– Dow set to drop 300 points at open after Trump tweet today
– Stocks see sell off and gold pops to test resistance at $1,350/oz
– US stock futures suggest over 1% losses at New York open
– Oil surged to a two-week high and has surged nearly 7% this week
– U.S. bombing Syria may provoke escalation of conflict with Russia and wider conflict in volatile Middle East


President Donald Trump warned Russia in the last hour to “get ready” as U.S. missiles would soon be sent into Syria in response to a suspected chemical weapons attack.

Donald J. Trump

@realDonaldTrump

Russia vows to shoot down any and all missiles fired at Syria. Get ready Russia, because they will be coming, nice and new and “smart!” You shouldn’t be partners with a Gas Killing Animal who kills his people and enjoys it!

Oil prices surged and extended gains after touching their highest levels in more than three years as geopolitical concerns and concerns of war in the Middle East rose.

Brent crude, the international benchmark, was up 1 per cent to over $71.68 per barrel. West Texas Intermediate, the US benchmark, was 1.3 per cent lower to $66.37.

Spot gold was up 0.8 per cent to $1,349.60 an ounce. Spot silver rose just 0.2% to $16.67/oz. Platinum and palladium were both 0.4% higher.

 

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Related Content

Trump Making ‘Major Decisions’ on Syria, Iran and Russia Response ‘Very Quickly’

 

News and Commentary

Gold up a third session to settle at 1-week high (MarketWatch.com)

Gold up on a softer dollar; U.S. CPI, Fed minutes in focus (Reuters.com)

Stocks Rally Amid U.S., China Conciliatory Remarks (Bloomberg.com)

Sterling basks at 2-week highs but risks grow (Reuters.com)

Global Debt Hits Record $237 Trillion, Up $21TN In 2017 (Bloomberg.com)

It’s time to buy gold, sell U.S. chip companies as U.S.-China trade dispute intensifies (MarketWatch.com)

Blain: “Market Stability Worries Me: It Feels Like We’re Sitting On Top Of A Volcano” (ZeroHedge.com)

Gold’s Dot Plot Is Positive for Gold (Tocqueville.com)

US Congressman Pushes Bill To Reinstate Gold Standard (ZeroHedge.com)

Trump Is About To Make Us Gold Bugs Very Wealthy Again (ZeroHedge.com)

Is Silver Setting Up to Outshine Gold in the Near-Term? (Bloomberg.com)

Gold Prices (LBMA AM)

10 Apr: USD 1,335.95, GBP 942.25 & EUR 1,083.46 per ounce
09 Apr: USD 1,328.50, GBP 941.91 & EUR 1,082.33 per ounce
06 Apr: USD 1,325.60, GBP 946.08 & EUR 1,082.75 per ounce
05 Apr: USD 1,327.05, GBP 943.67 & EUR 1,080.75 per ounce
04 Apr: USD 1,343.15, GBP 955.52 & EUR 1,092.79 per ounce
03 Apr: USD 1,336.60, GBP 949.65 & EUR 1,085.99 per ounce

Silver Prices (LBMA)

10 Apr: USD 16.49, GBP 11.65 & EUR 13.38 per ounce
09 Apr: USD 16.34, GBP 11.59 & EUR 13.32 per ounce
06 Apr: USD 16.28, GBP 11.61 & EUR 13.30 per ounce
05 Apr: USD 16.31, GBP 11.59 & EUR 13.28 per ounce
04 Apr: USD 16.46, GBP 11.72 & EUR 13.40 per ounce
03 Apr: USD 16.52, GBP 11.78 & EUR 13.44 per ounce


Recent Market Updates

– Trump Making ‘Major Decisions’ on Syria, Iran and Russia Response ‘Very Quickly’
– Gold Out Performs Stocks In 2018 and This Century By Ratio Of Two To One
– Jamie Dimon Warns Of Potential ‘Market Panic’
– Silver Bullion: Should We Be Worried About Silver?
– Martin Luther King Jr. Anniversary: Reminds Us Of Costs Of War To Society and Financial System
– Gold Outperforms Stocks In Q1, 2018
– Brexit, Stagflation Pressures UK High Street
– Gold Is Money While Currencies Today Are “IOU Nothings”
– “Stars Are Slowly Aligning For Gold” – Frisby
– Uncle Sam Issuing $300 Billion In New Debt This Week Alone
– Eurozone Faces Many Threats Including Trade Wars and “Eurozone Time-Bomb” In Italy
– Silver Futures Report and JP Morgan Record Silver Bullion Holding Is Extremely Bullish
– London House Prices Falling Sharply – UK’s Much Needed Wake-Up Call

 

Mark O'Byrne

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