“Gold prices are solidly up and scored a 13-month high in early morning U.S. trading Friday. Silver prices are on the march north, too. Safe-haven buying interest is featured late this week as the U.S. and Iran may be ready to square off. August gold futures were last up $12.90 an ounce at $1,356.30. July Comex silver prices were last up $0.198 at $15.09 an ounce.
The marketplace is on edge following the U.S. blaming Iran for two more ships in the Persian Gulf area (this time in the Gulf of Oman) being attacked by either smaller gunboats, mines or possibly even a torpedo. The U.S. military has a video showing what is apparently a small Iranian gunboat next to one of the big ships that was attacked. U.S. Secretary of State Mike Pompeo said Iran’s attacks are a “clear and present threat to international peace and security.” U.S. Navy ships are reportedly protecting some oil tankers in the region. This situation could escalate rapidly if Iran and the U.S. have a direct military confrontation.”
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