Gold and crude-oil prices fell sharply, while the yen and Swiss franc weakened as investor appetite for safe-haven currencies diminished,since Russia offered its auspices to an international control of chemical devices of Syria.
"Just as the drums of yet another war in the Middle East were beating louder, a diplomatic solution seems to have emerged," said INTL FCStone analyst Edward Meir. The news dented gold and silver as these metals are considered to be safe-haven assets and a store of wealth in times of heightened geopolitical risk.
Source: WSJ
"Just as the drums of yet another war in the Middle East were beating louder, a diplomatic solution seems to have emerged," said INTL FCStone analyst Edward Meir. The news dented gold and silver as these metals are considered to be safe-haven assets and a store of wealth in times of heightened geopolitical risk.
Source: WSJ
