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It’s a bumped golden rush

FXstreet.com (Chicago) – Gold sparked to 10-week highs last Friday but was slammed down today amid concerns on Syrian conflict repercussions.

According to Adam Button, Editor at Forexlive: “On Sunday, Syria agreed Sunday to a UN investigation into last week’s alleged chemical weapons attack but a deal a senior White House official dismissed as “too late to be credible,” saying the United States has “very little doubt” President Bashar Assad’s forces used such weapons. The rhetoric from the US and rumors that the US and UK have agreed to action are underpinning rallies in gold and oil.”

The metal trades at $1391.50/oz, …read more