we have plenty to talk about in the lead up to the election tomorrow, but before we get to that in the last few hours there have been reports in the uk and us that they have launched air strikes against houthis, houthi rebels in yemen in response to their attacks on the red sea. let s cross to singapore for more on this story and the reaction of the market. little market reaction so far but crude oil futures are up more than 1% in early asian trade. there has been so much disruption to shipping routes in that region over the last few months that markets may have priced this type of military action in. that it does seem significant that the us and uk have all ready military action in order to protect commercial interest. presidentjoe biden saying the us will not allow houthi attacks to imperil freedom
Oil prices rose over 1% in Asian trade on Monday, supported by lower exports from Russia and as attacks by the Houthis on ships in the Red Sea raised concerns of oil supply disruption.
Gold prices soared to a record high above $2,100 on Monday as traders grow increasingly confident the Federal Reserve will cut interest rates in the new year. Traders began shifting into the metal after Fed boss Jerome Powell said Friday that rates are "well into restrictive territory", fanning hopes the bank could begin cutting soon.
Gold prices soared to a record high above $2,100 on Monday as traders grow increasingly confident the Federal Reserve will cut interest rates in the new year. Traders began shifting into the metal after Fed boss Jerome Powell said Friday that rates are "well into restrictive territory", fanning hopes the bank could begin cutting soon.