The U.S. dollar rallied across the board on Wednesday as investors sought the greenback's safety given the possibility of Western military action in Syria.
The spot gold price briefly rose above $1,430 an ounce to a three-and-a-half-month high on Wednesday on safe-haven buying as the United States and its allies looked set to launch military strikes on Syria.
U.S. oil closing at its highest level in nearly two years, as markets worried about the fallout from a potential strike against Syria and the impact on supply.
Oil could briefly spike to $150 per barrel or more if Syria's supporters seek to punish the U.S. and its allies for a military strike against it by disrupting oil supplies. Brent oil could briefly spike as high as $150 a barrel.
European shares closed lower on Wednesday, as riskier assets were shunned by investors on concerns about a possible military strike on Syria.
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Holger Schmieding, chief economist at Berenberg Bank, expects the bond market to be "fairly calm" for the next few days to weeks unless something "dramatic" happens.
Asian equities followed global stock markets lower on Wednesday amid escalating worries over a potential U.S. military strike against Syria.
Indian companies say the fast-falling rupee is driving up the cost of imports, forcing them to raise prices even as consumer spending plummets.
Stocks finished sharply lower for a second session Tuesday, with the Dow hitting a two-month low, amid escalating worries over potential U.S. military action in Syria.
Spot gold rose 1 percent on Tuesday, to its highest price in more than three months, as investors sought safe havens from rising geopolitical tension.
Prices for U.S. Treasurys rose on Tuesday in safe haven bidding after reports that Western forces could attack Syria within days prompted nervous investors to dump riskier assets.
Brent crude rose above $114 a barrel to trade near its highest in six months as tensions rise over Western military intervention in Syria.
European shares experienced their biggest daily drop in two months on Tuesday amid fears of a possible U.S.-led military strike in response to a suspected chemical attack in Syria.
Asian stocks bounced between gains and losses in volatile trade on Tuesday amid fears of a possible confrontation with Syria and as emerging markets were sharply sold-off.
Stocks reversed their earlier gains in the last hour of trading Monday, with the Dow slipping below the psychologically-important 15,000 level.
Gold's break above $1,400 an ounce on Monday for the first time since June 7, and a bullish "cup and handle" chart pattern, suggest more gains are in store for the precious metal.
The dollar edged higher against the euro on Monday as dismal U.S. durable goods data did little to shift expectations that the U.S. Federal Reserve's wind-down of its stimulus program is around the corner.
Brent crude rejected its highest level since April 2 and West Texas also fell on Monday, as weak U.S. data overrode fears of oil supply disruptions and jitters over Syria.
European shares were flat on Friday as talks over the "fiscal cliff" stalled.
European shares closed lower on Wednesday for a third consecutive session, with resurging worries about the global economic outlook undermining investor sentiment.
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Asian shares dipped on Tuesday following losses on Wall Street after U.S. manufacturing activity hit a three-year low in November.
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