– Dow set to drop 300 points at open after Trump tweet today
– Stocks see sell off and gold pops to test resistance at $1,350/oz
– US stock futures suggest over 1% losses at New York open
– Oil surged to a two-week high and has surged nearly 7% this week
– U.S. bombing Syria may provoke escalation of conflict with Russia and wider conflict in volatile Middle East
President Donald Trump warned Russia in the last hour to “get ready” as U.S. missiles would soon be sent into Syria in response to a suspected chemical weapons attack.
Oil prices surged and extended gains after touching their highest levels in more than three years as geopolitical concerns and concerns of war in the Middle East rose.
Brent crude, the international benchmark, was up 1 per cent to over $71.68 per barrel. West Texas Intermediate, the US benchmark, was 1.3 per cent lower to $66.37.
Spot gold was up 0.8 per cent to $1,349.60 an ounce. Spot silver rose just 0.2% to $16.67/oz. Platinum and palladium were both 0.4% higher.
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Gold Prices (LBMA AM)
10 Apr: USD 1,335.95, GBP 942.25 & EUR 1,083.46 per ounce
09 Apr: USD 1,328.50, GBP 941.91 & EUR 1,082.33 per ounce
06 Apr: USD 1,325.60, GBP 946.08 & EUR 1,082.75 per ounce
05 Apr: USD 1,327.05, GBP 943.67 & EUR 1,080.75 per ounce
04 Apr: USD 1,343.15, GBP 955.52 & EUR 1,092.79 per ounce
03 Apr: USD 1,336.60, GBP 949.65 & EUR 1,085.99 per ounce
Silver Prices (LBMA)
10 Apr: USD 16.49, GBP 11.65 & EUR 13.38 per ounce
09 Apr: USD 16.34, GBP 11.59 & EUR 13.32 per ounce
06 Apr: USD 16.28, GBP 11.61 & EUR 13.30 per ounce
05 Apr: USD 16.31, GBP 11.59 & EUR 13.28 per ounce
04 Apr: USD 16.46, GBP 11.72 & EUR 13.40 per ounce
03 Apr: USD 16.52, GBP 11.78 & EUR 13.44 per ounce
