Gold and oil are rallying as the Trump administration says Iran is 'on notice

Gold and crude oilhaving been under pressure for much of US trade on Tuesdayhave found renewed buying following remarks from Mike Flynn, US president Donald Trumps national security adviser, that the US was putting Iran on notice after the nation conducted a ballistic missile test and attacked a Saudi navy vessel earlier this week.Recent Iranian actions involving a provocative ballistic missile launch and an attack against a Saudi naval vessel conducted by Iran-supported Houthi militants underscore what should have been clear to the international community all along about Irans destabilizing behaviour across the entire Middle East, said Flynn, referring to Mondays Houthi attack that killed two on a Saudi ship.Those remarks, along with a bout of US dollar weakness following the release of the US Federal Reserves February monetary policy statement, had an immediate impact on crude and gold prices, signaling a lift in perceived geopolitical risk.Heres the 5-minute gold chart:And a 5-minute chart for crude oil futures:SEE ALSO:The peso has done something shocking since Trump took officeJoin the conversation about this storyNOW WATCH: Here's how to use one of the many apps to buy and trade bitcoin
Click here to read full news..