Crude climbs as air strikes in Iraq are authorized

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Source: Bloomberg
Both Brent and West Texas Intermediate rose as the US President Barack Obama has authorised Iraq air strikes. The futures for September had a considerable rise with the Brent increasing 1.3% and the WTI 1.1%. Consequently, the Brent was trading at $106.85 a barrel in London and the Texas light sweet was at $98.45 on the NYMEX.
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Fri, 08 Aug 2014 09:13:07 GMT

Euro rises due to geopolitical distresses

The Euro managed to recover from yesterday's plummet, caused by Draghi's speech, which threw the common currency near to its lowest value in nine months. The Euro climbed by 0.27% to 1.3394 against the US Dollar. President Barack Obama approved air strikes in Iraq increasing demand for safe-haven assets.

Fri, 08 Aug 2014 08:50:10 GMT

Gold climbs as conflict intensifies in Iraq

Tension in the Middle East and Ukraine keep on concerning traders, therefore causing gold to rise to its highest price in three weeks. Gold rose by 0.7% to 1,322.14, reversing a 0.3% loss, after Barack Obama approved air strikes in Iraq. Regarding futures, gold for December increased to 1,323.50 on the Comex.

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