Gold fell nearly one percent on Thursday after a five-day rally as concerns abated that U.S.-led forces would soon launch a military strike on Syria.
Crude oil fell broadly on Thursday, with U.S. oil closing the session sharply lower, as the possibility of a delay in a U.S.-led military strike on Syria helped calm concerns.
European shares closed higher on Thursday, with investor sentiment boosted by earnings reports and the news that the U.S. economy accelerated more quickly than expected in the second quarter.
Asian equities were mostly higher on Thursday as sentiment improved following a positive handover from Wall Street but ongoing tensions in the Middle East limited gains.
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Stocks finished in positive territory Wednesday, reversing two-straight sessions of losses, as the energy sector jumped on rising oil prices amid speculation of a U.S.-led military strike on Syria.
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.
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