Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
Miami, FL 33137
Toll Free: 888-419-7136
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Over 30 Years Experience
Park Avenue has over 30 years
experience buying and selling
Rare Coin and Precious Metals.
We have the knowledge and
ability to provide our customers
with the best products and services.
Gold Nears Six-Year High as Traders Rush to Buy Haven Assets
BLOOMBERG-YAHOO FINANCE--- "Gold advanced toward a six-year high after a U.S. airstrike killed one of Iran's most powerful generals, ratcheting up tensions in the Middle East and driving demand for havens...The strike in Baghdad ordered by President Donald Trump killed Qassem Soleimani, the Iranian general who led the Revolutionary Guards' Quds force. Iran's supreme leader vowed 'severe retaliation.' The news helped gold to build on the biggest annual gain in almost a decade, a rally that was driven by a weaker dollar, lower real rates and geopolitical concerns. 'Today's event has probably only brought forward the inevitable test of the September high,' said Ole Hansen, head of commodity strategy at Saxo Bank A/S. 'Rising inflation concerns through higher input prices - oil and food - combined with geopolitical uncertainty is a potent cocktail which supports a market already on the move.'
