yemen conflict affects commodity trade

The tension in Yemen seriously hurt the commodity trading markets as a result of key position of
the nation around the geopolitical map around the globe.Yemen has only .2% from the world oil
reserves and definately will not seriously hurt the oil demand, nevertheless the key position of the
country on one of the most important routes for maritime transport definitely will seriously impact
the trading on earth.
The commodities trends unapproved over the past events of the earlier week and reported
serious retreats, because the gold futures lost 4.9% in Friday and WTI oil lost additional 5.%. The
gold reached a 3-week high, as presented particularly strong in the earlier two sessions following
the decline in stocks and tensions in Yemen supported the need for investment havens. The gold
with April delivery yesterday fell with .5% to 1,199.80 USD per ounce to the week is surely an
increase of 1.3%. The futures of Silver with May delivery also fell by .4% to 17.07 USD per ounce,
but in the week there is a boost of 1.1%.
Meanwhile the oil crude oil futures on Friday the very first time in six sessions since, but ended a
few days using a expansion of 5%. Meanwhile, data shown that the volume of active probes for oil
and gas fell within the 16th week in a row, but temat of decline has slowed. The price of US oil fell
yesterday by 5% to a level of 48.87 a barrel, but this week has increased by 4.9% after an
increase of 4.5 percent on Thursday. The Brent oil fell by 4.7% on Friday to 56.41 USD per barrel,
limiting growth for your week to around 2%.
"The principle strength of your Moving rise in gold from the last couple of weeks is quantitative
easing program from the ECB", said Colin Chiezzhinski, chief market strategist at CMC Markets.
"The comments by ECB President Mario Draghi the program is headed well thus far, keep the
gold."
Growth in the precious metal is recently maintained by the depreciation of your USD, The buying
price of gold will not react particularly Friday data from USA, which confirmed that economic
increase in the fourth quarter slowed to 2.2%.