Precious Metals

Commodities and Futures reports that gold prices rose yesterday as anti-government protests in the Middle East increased.

Commodities and Futures reports that gold prices rose yesterday as anti-government protests in the Middle East increased.

The market news is quoted as saying:

Protests in Egypt spread to other Arab countries such as Bahrain and Yemen, as well as Persian Iran. Geopolitical tensions traditionally push gold prices higher and this probably is a reason for the metal’s strength these 2 days. We believe, if the tensions persist and/or spread to other Middle East countries, oil prices will soar as the region holds most of the world’s oil reserve.

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MARKETS

Markets
TSX20197.51+15.59
TSXV704.58-1.00
DOW31142.09-111.04
S&P 5003891.72-9.07
NASD11357.05-31.44
ASX7064.50-118.20

COMMODITIES

Commodities
Gold1838.36-3.83
Silver21.69-0.21
Copper4.280.00
Palladium1991.00-13.00
Platinum956.50-2.50
Oil112.60+0.39
Heating Oil3.66-0.01
Natural Gas8.14-0.17

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