Oil – Saxo Capital Markets has a look at the major triggers for oil prices that investors should note with the ongoing crisis in the Middle East.
Articles Tagged "Syria"
Commodities experienced losses this week as speculation over the Federal Reserve tapering its stimulus program and fears of a US military strike on Syria weighed on investors.
The Alternative Investment Market in London was up September 13 to 780.12 points, a rise of 0.36 points since the previous session.
Silver – This week, the white metal continued the decline it began last week, closing today at $21.73.
Palladium – The Financial Times reported that striking South African mineworkers, along with waning concern about a US attack on Syria, have helped stop "a three-week slide in palladium prices." Strong auto sales numbers from the US may also have helped the precious metal.
Gold – Gold prices rose $1.41 an ounce Sept. 11 but stayed near a three-week low at $1,365, Reuters reported.
Silver – Silver futures for December delivery on the COMEX in New York hit a low of $22.79 an ounce today, but later increased to $23.145 an ounce, a rise of $0.14 from the previous session.
Gold – Scott Carter, CEO of Lear Capital, maintains that despite pressures on gold such as a taper of QE, the metal still has strong fundamentals going for it.
Platinum – Platinum Today released its August 2013 Price Report, commenting that platinum began the month at $1,439 per ounce before concerns about Syria brought it above $1,550 in Asian trading in late August. The metal ultimately ended the month at $1,521 following positive GDP growth in the United States.
Silver – Silver prices declined today amid fears that the Federal Reserve will cut back on its stimulus program.