Oil and gold up following Paris attacks

Crude oil and spot gold prices have risen following the deadly attacks in Paris.

Despite hitting its lowest since February 2010 on Thursday, spot gold edged up by 1% to $1,094 an ounce. MKS group trader Sam Laughlin said “Safe-haven buying following the terrible events in Paris over the weekend has taken gold higher this morning,”.

Crude oil has seen a rise, following the response of French strikes to Islamic State targets in Syria, with Benchmark Brent LCOc1 increasing by 0.5% or 20 cents to %44.68 a barrel.

Markets in the Middle East were hit hard, where stocks in Egypt and Dubai hit their lowest of the year.


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Safiya focuses on business and political stories for UK Investor Magazine. Her interests include international development, travel and politics.