Gold and Silver rise as US reportedly tells embassy staff in Israel to leave now

NEW YORK (February 27) Citing an email from Israel Ambassador Mike Huckabee, NBC News reported that some embassy staff were told that they could leave Israel and that they need to do so quickly.

"The guidance was issued out of “an abundance of caution” after meetings and calls through the night, including conversations with the State Department, Huckabee said in the email," NBC News noted and added:

"He also urged anyone intending to leave to go ahead and book flights, citing the likely surge in demand out of Israel after the embassy's move."

Market reaction

Gold and Silver rose sharply with the immediate reaction to this headline. At the time of press, Gold was trading at $5,220, rising 0.75% on the day, while Silver was up 4.3% at $92.03.

FXStreet