29 Aug 2013
Metals decline…Syrian concerns fading away?
FXstreet.com (Chicago) – Gold retraced 0.78% to trade at $1,408/oz after US military strike concern fades away. Silver also dropped to $23.83/oz, down 2.09%, similarly to copper down 1.79% now offered at $3.2425/ ounce and platinum down 1.11% at $1523. Crude oil futures trade at $108.40/barrel, 1.54% down.
The US did not seem to hesitate to strike against Syria after 1,300 civilians were killed with supposed chemical weapons, violating an international agreement banning the use of those guns. In the UK, Prime Minister David Cameron sought support with the parliament but many of its members refused to support a military strike until the UN does not provide a confirmation and more clarity on whether chemicals were used or not.
The US did not seem to hesitate to strike against Syria after 1,300 civilians were killed with supposed chemical weapons, violating an international agreement banning the use of those guns. In the UK, Prime Minister David Cameron sought support with the parliament but many of its members refused to support a military strike until the UN does not provide a confirmation and more clarity on whether chemicals were used or not.