Violence in the region cooled appetite for assets considered as high risk, such as shares and led so-called refuge as the obligations of the German Government, the Swiss franc and gold.
Stock markets fell in Asia, Europe, the Middle East and America as spot gold hit $1,436.40 and West Texas crude for reference for April delivery rose to $more in New York. Brent crude in London has increased in the direction of $116 per barrel.
Rising oil, prices are set in support of gold, analysts said, if they look likely to slow global growth.
However relies on a rise of FP6 in February, its biggest rise one month since August. This came on the back of unrest that unseated leaders in Tunisia and Egypt before extend to the Libya, Bahrain, the Yemen and Oman.
"[Y] a combination of reasons of [ascension in] gold, but primary currently are strong oil and weak equities - essentially geopolitical," said Simon weeks, head of precious metals in the Bank of Nova Scotia.
"I think that we see $1,450, and it is probably enough," he said. "Any good news from the Middle East will be a withdrawal to $1,400.
Muammar Gaddafi has launched an offensive to regain the territory in the East of the Libya on Wednesday, triggering a rebel warning that foreign armed forces may be needed to "put the nail in the coffin" and put end to his long reign.
The United States sent to the Libya, ships of war and Secretary of State Hillary Clinton said that the country and its NATO allies are looks still a "no - fly" zone, on the Libya although Western States seem reluctant to stage an intervention.
In opening remarks at a meeting of the Ministers for Foreign Affairs Arab in Cairo on Wednesday, Foreign Minister Hoshiyar Zebari said Iraqi the Libya crisis is an internal affair of the Arabs and foreign powers must refrain from any intervention.
Silver rose to a peak of $34.87 ounces, its strongest level since the early 1980s, before edging back to $34.81 the ounce against $34.66.
Discover the best sale ISAs and get 0% commission when you order online with Telegraph ISA-Fund supermarket.
View the original article here
This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.
No comments:
Post a Comment