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Oil, gold open lower despite Syria strikes


  • Markets
  • Monday, 16 Apr 2018

Spot gold and major crude benchmarks eased slightly, as the market reacted to the military actions over the weekend. Treasuries also weakened, while equities rose.

Spot gold and major crude benchmarks eased slightly, as the market reacted to the military actions over the weekend. Treasuries also weakened, while equities rose.

LONDON/NEW YORK: Gold and oil traded slightly lower as markets opened for the first time since Western powers launched a missile attack on Syria, but equities are unlikely to experience big losses unless the West strikes again or Russia retaliates.

"The news flow is actually better than what it looked like at one point during last week, as the strike was surgical, followed by a pullback. 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, speaking before trading resumed.

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