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

April 11, 2018

Dow Index 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.

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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Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth. 

China is the world’s biggest gold producer with more than 355 tons annually. Australia is second.