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Gold & Silver Higher After Explosions in Brussels, Oil Rebounds

March 22, 2016 at 10:40 by Vladimir Vyun

The European trading session has started with shocking news of bombing in Brussels. Two blasts hit the airport and one occurred in the subway. The government announced that it would treat the event as a possible terrorist attack. Unsurprisingly, investors were flocking to safe assets after the news, including gold. April futures for gold climbed 0.71% to $1,253 per troy ounce as of 10:30 GMT on COMEX today. Silver gained too as May futures rose as much as 0.9% to $15.99 per ounce.

The negative risk sentiment sent crude oil down initially. Yet the commodity has bounced as of now while traders wait for the upcoming supply reports from the United States. May contract for WTI crude oil was up 0.14% to $41.58 per barrel on NYMEX today. Brent crude gained 0.31% to $41.67 per barrel on ICE.

If you have any questions and comments on the commodities today, use the form below to reply.

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