We all more or less know what is going on in the world right now. There is the political turmoil between Ukraine and Russia, the fear surrounding the deadly Ebola virus, and the actions of the terrorist group ISIS are being monitored closely.
Often, as an investor or trader, we do not take these conflicts into account in our decisions, although it would be wise to do so because they can influence the market in one way or another. The same thing goes for the ISIS terror threat.
This terrorist organization has been expanding in recent months and airstrikes alone do not seem enough to stop the group. Different sources are reporting meanwhile that the terrorist group is developing its own currency.
Will ISIS Push Up The Price Of Gold?
Different sources say that ISIS wants to use gold coins for currency. This means that the gold price could get a push from an unexpected angle, as both the demand that will arise as well as the continuing threat will positively impact the precious metal.
On the other hand this news might be bad for the stock markets. It is clear that ISIS wants to distance itself from the outside world, which is why having an own currency is interesting. For gold bugs, the news could be good.
We will have to keep an eye on the developments around the terrorist organization as well as the gold price (and particularly trading volume). Underneath the surface, namely, many things might be going on that we can’t see now.
