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Oil, gold to gain on Syria strikes; Russian retaliation in focus

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Oil, gold to gain on Syria strikes; Russian retaliation in focus

Gold and oil will extend their gains on Monday, albeit modestly, when markets open for the first time since Western powers launched a missile attack on Syria, but equities are unlikely to suffer big losses unless the West strikes again or Russia retaliates. Reports show a lot of care was taken not to hit Russian targets, which is a good sign and the market should take heart from that,” said Salman Ahmed, chief investment strategist at Lombard Odier investment managers in London. Gold has benefited in recent days as a safe-haven asset amid a U.S.-China trade dispute and the escalating conflict in Syria, which also pushed oil above $70 per barrel due to concerns about a spike in Middle Eastern tensions.

Source:: https://finance.yahoo.com/news/oil-gold-gain-syrian-strikes-133835966.html

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