Silver and gold prices are rising as investors seek out relatively stable assets while uncertainty continues about the Middle East and Japan's recovery. Silver settled up 2.7 percent Monday while gold rose nearly 1 percent.
Commodities traders are concerned about global oil supply disruptions because of anti-government clashes in Libya and other parts of the Middle East and North Africa. They also are monitoring Japan's ongoing struggles to recover from a March 11 earthquake and tsunami and the ensuing crisis at its stricken nuclear plants.
Both situations can affect demand for a broad range of commodities, from oil to corn. Other metals and agriculture products are mixed while energy contracts are mostly higher.
Safe Harbor Statement:
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.
Nothing in this article is, or should be construed as, investment advice.
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