Asian established decline After U.S. Missiles Strike Syria Gold Soars.Asian stocks whipsawed after the U.S. launched missiles against Syria two days after Bashar al-Assad’s regime used gas to kill civilians. U.S. futures fell while gold and oil surged.The MSCI Asia Pacific Index reversed earlier gains and was down 0.2 percent to 145.92 as of 10:39 a.m. in Hong Kong. Japan’s Topix pared most of the morning’s advance as the yen flipped, rising 0.5 percent against the dollar. S&P 500 futures were down 0.5 percent after falling as much as 0.7 percent.“It’s a surprise that the strike occurred so quickly, that’s why you’ve seen this risk-off right now in markets,” said Shane Oliver, head of investment strategy at AMP Capital Investors Ltd. in Sydney. “Unless this signals some sort of escalation in the war in Syria with heavy increase in U.S. involvement, it’s unlikely to have a lasting impact in markets.”The strike marked a stark reversal for U.S. President Donald Trump, who during his presidential campaign faulted past leaders for getting embroiled in Middle East conflicts. The attack, the first such under Trump, targeted hangars, planes and fuel tanks at one military airfield, according to one U.S. official.Spot gold rose as much as 1.4 percent to $1,269.53 an ounce, the highest price since Nov. 9, the day after Trump was elected. Crude oil futures rose 1.8 percent to $52.65 a barrel.
Trump's economic policy Investors were looking ahead to an address by Trump to Congress next week for further clarity on his economic pol... read more ...
Silver acts as an inflation hedge, and in times of crisis, small quantities may be used for smaller, daily transactions compared to holding a tradi... read more ...
Gold prices soared by Rs325 to regain the Rs30,000-mark and trade at over 4-month high of Rs30,175 per 10 grams at Delhi bullion market on Saturday... read more ...
its three-week gains at the bullion market, on reduced offtake due to holiday-truncated week despite firm global trend.Marketmen said easing demand... read more ...
Oil prices slid nearly 1 percent as worries about rising U.S. supplies outweighed OPEC pledges to boost compliance with output curbs.
But... read more ...
The Energy Information Administration (EIA) reported that natural gas in underground storage fell by 89 billion cubic feet ((bcf)) in the week endi... read more ...
Silver Price Equal Off with Notable Support
See the Webinar Calendar for a schedule of upcoming live events with Paul or... read more ...
BENGALURU, FEB 27:
Gold prices held firm on Monday near 3-1/2 month highs hit in the previous session, with investor...
read more ...