Gold, oil and Treasurys jump as Trump warns Russia missiles ‘will be coming’ at Syria

Gold, oil and Treasury prices jumped on Wednesday after President Donald Trump warned Russia that missiles “will be coming” to Syria via Twitter.

Tweet

The precious metal rose to its high of the day on the news, trading 0.6 percent higher at $1,353.70 per ounce as of 7:17 a.m. ET. Investors often hide out in gold during conflicts for safety.

Source: FactSet

Oil also hit its session high following the tweet, with West Texas Intermediate futures trading 1.1 percent higher at $66.24 per barrel.

Source: FactSet

U.S. Treasurys caught a bid as well, pushing yields lower, in another bid for safety. The two-year note yield fell to 2.291 percent while the benchmark 10-year yield slipped to trade at 2.768 percent.

The president’s threat comes after Russia’s ambassador to Lebanon said Tuesday that Russia would shoot down American missiles headed Syria’s way. This follows an apparent chemical weapons attack in Syria that left dozens dead over the weekend.

https://www.cnbc.com/2018/04/11/gold-oil-and-treasurys-jump-as-trump-warns-russia-missiles-will-be-coming-at-syria.html

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