| The surprise announcement late Sunday that Usama bin Laden had been tracked down in Pakistan and killed by U.S. special forces is being viewed largely as a symbolic event unlikely to have a dramatic impact on the price of oil or other important commodities.
Like many symbolic events, the immediate impact was sharp. Investors around the world had an initial knee-jerk reaction Monday that could be summed up as follows: the world is a safer place with bin Laden dead. Oil and gold prices fell accordingly..............................................Full Article: Source |