Gold Hits A 6 Year High As Iran Remains In Focus

Head of Market Analysis Anthony Cheung delivers a look ahead for the session. Topics covered include:

- An update as to the situation in the Persian Gulf and the likelihood of retaliation from Iran (00:00)
- Gold surges to highest level since 2013 on Middle East tensions (12:50)
- China's service sector expands at slower pace in December as confidence dips (13:36)
- The latest date for the US-China phase 1 trade deal to be signed (14:00)
- A review of the calendar for today and the highlights this week (15:30)
- Technical review of the charts by Sam North (17:36)

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Social Media handles:

►Twitter: @amplifytrading @AWMCheung @snorth19

►Instagram: @askamplify @amplify_ant @amplify_sam

[anthonycheung]

Good morning! normal service now resumes on the briefings for 2020. I hope everyone had a good break and is feeling refreshed and ready to go. As per usual, feel free to leave any questions on our videos and I'll always do my best to respond to all. Thanks, Anthony

[WDUK]

Great review @Anthony - my long gold bias started in November 2016 as a result of Trump's election. It has not always been an easy ride but the idea that he may be the source of geo-political instability which may lead to a safe haven play is working out. I just had not been able to foresee the even more impressive rally in stocks!

[vernr]

Thank you very much Ant! A great insight into whats currently happening in the markets. But I see you won't be getting into the office at 6 am any more. Does this mean you have an alarm clock for sale on eBay? :)

[Mojo-IRE]

Went long in Gold and Oil contracts again near the close of business Friday. Seemed like a great risk-reward ratio. It's not like Trump and the Supreme Leader of Iran were gonna meet up and talk things out over a coffee. It was only gonna get worse. Nice 5% gain booked in the first 5 minutes of the week last night.

[CYBERNETIC-MUSIC]

thank you for your reply to my Oil tweet Q much appreciated

[tqbrowne]

Time will tell whether the current price action has exceeded the underlying economic reality or if it represents an accurate depiction of the escalation taking place.