Egypt Unrest Stokes Oil, Gold

Crude Surges 4.3%; Gold Rebounds From Four-Month Lows in Flight to Safety

BY DAN STRUMPF AND MATT WHITTAKER

The violent protests in Egypt pushed both crude-oil and gold prices higher, as investors fled risky assets but acknowledged the Mideast country's proximity to larger oil producers.

Gold bounced from four-month lows hit during intraday trade to close $22.30, or 1.7%, higher at $1,340.70 an ounce.
"Egypt has got markets nervous," said Sterling Smith, market analyst at Country Hedging in Minnesota. "That is naturally a good environment for gold."
Benchmark crude-oil futures surged 4.3% to settle at $89.34 a barrel on the New York Mercantile Exchange. It was the biggest one-day jump for Nymex crude since September 2009, in both ...

Nota : Seperti yang kita biasa dengar, sekiranya berlaku kebimbangan kepada pelabur disebabkan suasana tegang di mana-mana tempat di muka bumi ini, pelabur biasanya akan bertindak selamat dengan membeli emas atau perak sebagai satu bentuk pelaburan yang paling selamat dan kalis dari sebarang kemungkinan negatif seperti inflasi dan sebagainya. Ini menyebabkan harga emas meningkat selaras dengan permintaan yang semakin tinggi.