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Commodities Briefing - Categorized | Commodity Crisis, Investment, Market Moves more

Overview: Mideast tensions drive haven assets higher

Posted on 30 December 2008

From FT: Concerns about escalating tensions in the Middle East sent oil prices sharply higher on Monday on fears of supply disruption and offered support to gold, US Treasuries and the Swiss franc as investors sought havens.

Benchmark US crude climbed as much as 12 per cent to $42.20 a barrel and gold touched its highest level for more than two months as Israeli aircraft attacked targets in the Gaza Strip for a third day….. Full Article: Source


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