The Middle East remains a focus for investors. U.S. President Donald Trump and Iranian President Hassan Rohani both tweeted “harsh words” on Monday. Iran’s parliament plans to discuss designating the U.S. army and the pentagon as terrorist organizations on Tuesday, according to the latest news from Iran. In addition, our troops made a “mistake of their own” in withdrawing from Iraq, and defense secretary David esper clarified that American troops have no plans to leave the country. Analysts said the rally was followed by a pullback, but gold was still on track for a big rally with a short-term target of $1,600 an ounce, given the continued risk of further escalation in Middle East tensions.
Iran’s parliament has discussed designating the pentagon as a terrorist organization
Three missiles struck near Baghdad’s international airport, destroying two vehicles and killing seven people, according to a statement from Iraq’s security ministry. The Pentagon says President trump has ordered airstrikes on two Iran-linked targets in the Iraqi capital Baghdad. The commander of Iranian cargo forces has been killed in us airstrike on a road outside Baghdad’s international airport. Tehran has vowed to avenge Suleiman’s death. Iran’s supreme leader, Ayatollah Ali Khamenei, vowed that the “criminals” who killed Mr. Suleiman would face severe reprisals. Iranian President Hassan Rowhani said Tuesday that the killing of Suleiman was a “grave crime” committed by the United States against Iran and that the United States would face long-term consequences.
Iranian lawmakers plan to discuss a move to designate the U.S. army and the pentagon as “terrorist organizations” in response to Washington’s recent assassination of Iranian generals, the country’s top parliamentary committee member Omar Suleiman said Monday, according to Iran’s Tasmin news agency.
Akbar Ranjbarzadeh, a member of the parliamentary chairman’s committee, said the committee had considered an emergency motion for Suleiman’s assassination at a meeting on Monday. The motion is due to be discussed at an open meeting of parliament on Tuesday.
Rambalzad said the plan calls for the perpetrators of recent U.S. military operations, the pentagon, to be identified as wanted criminals and terrorist organizations. Ranjbarzadeh said the motion was signed by members of the parliamentary chairman’s committee and the budget consolidation committee.
On the evening of January 5, Iranian state television reported that Iran had announced that it would no longer abide by any of the restrictions of the 2015 nuclear deal. Iran lifted the last restriction, known as the “centrifuge limit,” during the fifth phase of the suspension of the nuclear deal. Iranian state television quotes a statement from President Hassan rouhani’s government as saying Iran will not place any restrictions on its stockpile of enriched uranium or its nuclear-related research and development activities. Later, President Trump tweeted, “Iran will never have a nuclear weapon.”
Mr. Trump had previously said on social media that we would target 52 Iranian targets if Iran retaliated by attacking any Americans or American property in Iran, some of which were “very important to Iran or Iranian culture”. According to our media reports, we chose 52 targets because they represent 52 U.S. embassy personnel held by Iran during the Tehran hostage crisis. Mr. Trump said some of the targets were important to Iran. On November 4, Iranian students attacked the U.S. embassy in Tehran, detaining U.S. diplomats and civilians. The 52 hostages were held for 444 days before they were finally released. Iranian President Hassan Rohani took to Twitter on Monday night to respond to trump’s threat to attack 52 Iranian targets. “Those who mention the number 52 should also remember the number 290,” Mr. Rouhani wrote on Twitter. “Never threaten Iran,” Mr. Rouhani wrote at the end of his tweet. The tweet appeared to refer to the number of people killed when an Iranian plane was shot down by U.S. forces in the 1980s. Iran’s IRNA news agency explained the figure on twitter. 290 refers to the number of people killed in the crash of Iran Air flight 655.
Democratic leaders in the house and senate are taking steps to craft a resolution that would limit Mr. Trump’s ability to act on Iran, but it is unlikely to pass the republican-controlled senate.
The commander of Iran’s revolutionary guards, Mahmoud Hamza, said Saturday that 35 major U.S. targets in the Middle East could be targeted by Iran.
U.S. President Donald Trump was asked by reporters aboard air force one Monday if he was concerned about Iranian retaliation. Trump warned that the United States would retaliate if Iran took any further action. Will our troops leave Iraq? The Americans made a mistake.
Us defense department said on Monday that us generals had written to Iraq’s defense ministry saying it was “a mistake” that the us-led coalition would leave the country. Us defense officials insist the troops will remain there.
Earlier reports said the commander of U.S. forces in Iraq, William h. Healey iii, wrote to the Iraqi defense ministry Monday that the U.S. would deploy more troops to Iraq. The U.S. -led coalition will withdraw from Iraq.
On January 5, Iraq’s parliament passed a resolution calling on the government to expel foreign troops, AFP reported. The Americans then informed Baghdad on January 6th that they were ready to “pull out of Iraq”.
The letter said the troops would “redeploy in the coming days and weeks to prepare for the next steps.” The pentagon was “in disarray” after the letter was made public. General Mark Milley, chairman of the joint chiefs of staff, said Mr. Healey’s letter was a draft and that releasing it would be a “mistake”.
“It’s a draft, it’s a mistake, it’s not signed, it shouldn’t be published,” Millie told reporters.
U.S. defense secretary George esper also denied there was a withdrawal plan. Esper said Tuesday that the United States has no plans to leave Iraq.
Esper said, “I read that letter once, and I can’t tell you the truth. This letter is at odds with our present situation. We have not made any decision to leave.”
Neither esper nor Millay clarified how the letter was made public or who directed it to be drafted. Iraq’s national assembly held a special session on January 5 and passed a resolution ending the presence of foreign troops in the country. The resolution calls on the government to work to end the presence of foreign troops in the country. At the heart of the resolution is a call for the administration to pressure the United States to withdraw from Iraq.
The resolution also calls for the Iraqi government to conduct the highest-level investigation into the U.S. airstrikes and to notify the national assembly within seven days of the findings.
On Jan. 3, Quds force commander Qasim Suleiman and ABU Mehdi Mohandas, deputy commander of Iraq’s popular militia, were killed in a U.S. airstrike on Baghdad’s international airport.
“The United States is disappointed by the action taken by the Iraqi national assembly,” state department spokesman Daniel Ortega said in a statement responding to the decision. Until the legal nature and consequences of this resolution are further clarified, we strongly call on Iraqi leaders to reassess the importance of the continued economic and security relationship between the two countries and the continued global presence in the fight against ISIL.”
US President Donald Trump said on Monday he would impose sanctions on Iraq if it demanded our troops leave the country. The United States will not leave Iraq until the airbase is paid for in Baghdad.
“If they ask us to leave, or if we don’t leave in a friendly way, we will impose unprecedented sanctions on them,” Trump told reporters aboard air force one. It will make our sanctions on Iran look mild. We have a very expensive air force base there. It cost billions of dollars to build. It was built long before I took office. We won’t leave until they pay us back.” Mr. Trump added: “if they are hostile and do anything we think is inappropriate, we will impose sanctions on Iraq, very significant sanctions on Iraq.”
Don’t be afraid of falling gold prices! Gold still has room to rise
Spot gold jumped more than $30 to a high of $1,587.90 an ounce in early trading on Monday as investors sought safety amid geopolitical jitters over rising tensions between the United States and Iran. Since then, gold has come down sharply from its highs, with spot gold trading around $1,562 an ounce in early Asian trading on Tuesday. Wayne Ko Heng Whye, head of research and education at Fullerton Markets, wrote on Monday that gold had climbed as high as $1,588 an ounce, its highest level since 2013. With risk aversion likely to persist for some time, investors may be able to buy gold on dips. Some analysts say Iran is already retaliating against the United States. Getting out of the Iran nuclear deal is the first step, and there are more dramatic things to come.
“There is a real risk that Iran will act more aggressively than we expect,” wrote Wayne Ko Heng Whye.
Wayne Ko Heng Whye said he expects gold to rise toward $1,590 an ounce this week. Dailyfx wrote on Monday to keep its bullish gold thinking unchanged, focusing on the $1,550 / oz first-tier support. The article pointed out that gold prices are driven upward by geopolitical factors, and to regain the upward trend, should remain long. Tends to see each pullback as an opportunity to enter long, short cautiously. Goldman Sachs, the leading investment bank, has called gold a “better hedge than oil” amid rising tensions between us and Iran. “History suggests that gold is likely to rise well above current levels in most cases,” Goldman Sachs said in a research note on Monday. This is consistent with our previous research that gold is a better hedge against such geopolitical risks.” “We find that rising geopolitical tensions lead to higher gold prices that are severe enough to lead to currency depreciation,” Goldman said. This usually happens during a war or military escalation. As a result, we found that gold performed well during the start of the gulf war and the events of September 11, 2001, even weakening real interest rates and the dollar. As a result, us-Iran tensions could push gold prices even higher.”
Analysts at Goldman Sachs said they were sticking to their three -, six – and 12-month forecasts of $1,600 an ounce. But they added that “there are risks to the upside if geopolitical tensions worsen”. Credit Suisse expects support for gold to continue even before the recent escalation in us-Iran tensions. He expects gold to average around $1,570 an ounce in 2020. “Gold prices have risen sharply over the past month and this week’s rise is due to rising tensions between us and Iran following the assassination of Iran’s top general, Suleiman,” Credit Suisse said in a research note on Monday. However, gold has risen before and the reasons for the rise do not seem so fleeting.” Credit Suisse singled out the weaker dollar and concerns over trade disputes between us and China. Credit Suisse noted that while a “phase one” trade deal was expected to be signed this month, the details and timing of a more comprehensive deal if eventually agreed, remained uncertain. Other positive factors for gold include mixed U.S. economic data, dovish policies by global central banks and stock market volatility. “We expect these factors to persist and maintain our forecast for gold to average around $1,570 in 2020,” Credit Suisse said.
The advisory services team wrote on Monday that gold could still try to move toward $1,600 an ounce as long as gold bulls continue. Research analyst Lukman Otunuga wrote on Monday: “the us-Iran standoff is a geopolitical risk that creates unwelcome uncertainty in financial markets as investors rush to safe havens. Although prices are very bullish, gold could pull back to $1,555 an ounce before the bulls come back in. As soon as $1,555 an ounce proves to be solid support, gold will go up.”