Wednesday, January 7, 2009

Gaza to Affect Gold Prices? predicted earlier this week that the Gaza War may very well lead to spikes in oil and gold….

According to the article, because of the conflict taking place, oil prices should go up in the short-term. They also expect the prices to soar if the disruption in Gaza becomes a more serious conflict which could also be beneficial for the precious metals sector and gold, in particular. This could also negatively affect the stock market. cites the “oil embargo years” when Arab leaders boycotted the U.S. and the stock market slumped in 1974. The financial website predicts that gold, silver and the dollar should gain as investors flock to safe havens amid turmoil.

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