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US Takes Action in Iraq

Friday, June 20, 2014

Following our article on the Iraq insurgency it has been announced that President Barack Obama is sending 300 military advisers to the country due to increased instability caused by ISIS related activity. President Obama has stressed that these advisers are not active combat personnel returning to the country but are there to assess and better understand the threats in the region, however he did not rule out military intervention.

This has been one of the major factors that have pushed investors into purchasing gold which is felt to be a more stable commodity with the current unsettled state of Iraq. This came to a head on Thursday when prices jumped to a nine week high following the statement President Obama has made. Will the actions of the US over the coming months push gold and silver even higher by encouraging traders and investors who want to avoid risk to buy gold and silver?