Gold Rises On Market Syria Nerves

Gold Rises On Market Syria Nerves.

The price of gold has recovered from its June falls on the back of market unsteadiness driven by

1. Potential Military uncertainty by the West in Syria
2. US Government's phasing back of its Quantitative Easing Program
3. Greece potentially looking for a third bailout

Gold prices over the last few years have risen dramatically.  

On 28th June gold had fallen back by over 20% to $1, 180 per ounce and yesterday was back up at $1,417.

Comment
Political uncertainty drives investors to save havens such as Gold and Bonds.  When the situation on Syria and potential action becomes clear, markets will settle again.  There may be a buying opportunity soon for Equities.

We also expect emerging markets to suffer as fears over the West reducing spending on development if money is diverted to military action.