Gold Prices rise on rising tensions in Middle East - ZENMoney

Brent Crude prices rose after news that the US had authorized sending US weapons to Syrian rebels sparked concerns about rising geopolitical tensions in the Middle East. A Weaker dollar against basket of currencies supported the Brent crude’s rise. An ample US inventories and a poor demand outlook weighing on Brent prices.

Gold Prices rose on sparked concerns about rising geopolitical tensions in the Middle East after US had authorized sending US weapons to Syrian rebels. A Resilient demand for coins and bars along with a pullback in the US equities market supported the yellow metal further.

Silver Prices rose due to a weaker dollar along with sparked concerns about rising geopolitical tensions in the Middle East after US had authorized sending US weapons to Syrian rebels. However, Fears that the Fed will begin scaling back its stimulus program along with sluggish demand at asian marketsweighed on the White metal prices.

Base metal prices rebounded after a report that the Federal Reserve might not quickly curb its bond purchases along with stockist buying as well as firm industrial offtake on the back of global cues. However, worries over tepid Chinese demand growth capped the upside in the base metals.

Source : Equity Bulls

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