Israel approves plan to expand Golan Heights settlement, cites threats from Syria

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Israel approves plan to expand Golan Heights settlement, cites threats from Syria
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Israel's government approved a plan to double its population on the occupied Golan Heights on Sunday, citing threats from Syria, per Reuters.

Israel 's government approved a plan to double its population on the occupied Golan Heights on Sunday, citingthreats from Syria, per Reuters. Prime Minister Benjamin Netanyahu said in a statement, Strengthening the Golan is strengthening the State of Israel , and it is especially important at this time. We will continue to hold onto it, cause it to blossom, and settle in it.” Market reaction At the time of press,theXAU/USDpair was up 0.10% on the day at $2,650.

The currencies of nations that are heavy commodity exporters strengthen because of increased demand, and Cryptocurrencies rise. In a “risk-off” market, Bonds go up – especially major government Bonds – Gold shines, and safe-haven currencies such as the Japanese Yen, Swiss Franc and US Dollar all benefit.

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