Gold futures are currently trading up $23, with the most active February contract currently fixed at $1551.10, this is a 1.51% gain on the day. Today’s dramatic rise in gold prices is a direct response to actions in the Middle East last night.

On the first day of this new decade, traders are bidding the majority of financial markets in the United States higher. After the bell the Dow Jones industrial average is currently up over 330 points, and fixed at 28,868.36.

On the final trading day of 2019 gold futures traded to a high $1529. Although gold closed far off of that high, the February contract was able to gain over two dollars on the day and close at $1520.70, gaining $2.10 on the day.