blog

The MGS Precious Metals Blog

Manhattan Gold & Silver is an industry leader in precious metal pricing and refining with more than 30 years of experience. During our time in the business, we’ve found the topic of precious metals to be a vast and interesting one. Here on our precious metals blog, we write in-depth posts about the science of precious metal refining, historical and modern uses for precious metals, market news, and much more. Subscribe to our RSS feed to stay current, and discuss the latest posts on our Facebook and Google+ pages.

Gold Prices Jump after US Missile Strike on Syria

April 10, 2017 03:00

Gold experienced a jump in value on April 6 after the United States launched a cruise missile strike on military targets in Syria. New York spot prices rallied to their highest point in almost five months - $1,270.87. Overall, gold's value has increased by 10% since the start of 2017.
   
Although the U.S. has mostly utilized military force against ISIS in Syria, this missile strike marks the first major move against Bashar al-Assad’s regime in the region. Additionally, the strike was an executive order that was enacted without congressional approval. In other words, the time between decision, action, and announcement was swift - catching the markets by surprise.

With an unforeseen international conflict making the headlines, Gold's uptick in price can be attributed to a surge in demand for safe-haven assets. If you want to be alerted to price swings as these events develop, don’t forget that you can use our mobile app to receive alerts via email or push notifications on your phone.

 

Sell Your Lot

Sell Your Lot >

Get an instant payout quote for your precious metals, then choose from 2 ways to sell.

MGS Apps

MGS App >

Download our precious metals prices app and take advantage of a suite of unique tools, including historical charts, price alerts and more!