The oil prices experienced significant losses amid the US-Iran tensions at the beginning of the year. What's next?
The price for gold has tested the levels above $1,500
The yellow metal reached the highest levels in 6 years amid the global risk aversion. The price has seen steady gains towards the $1,515 level. Now, bears are trying to pull gold down to the $1,473 level. The next support will lie at $1,455.
Iran retaliates, Donald Trump will announce the next step by the US today. Gold flies up to $1,600 per ounce.
The Middle East tension pushes the market into a cautious mode; oil, gold, and the safe-haven currencies gain.
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The recent Chinese figures bring optimism
On Thursday, January 16 two central banks: the Reserve bank of South Africa and the Turkish Central Bank will make their interest rate decisions.