Oil, gold rise as traders nervously watch Syria

Prices for oil and gold are closing higher as tensions build between the U.S. and Syria.

Benchmark oil for October delivery rose $2.16, or 2 percent, to $110.53 a barrel Friday. Most other energy futures also rose, except for natural gas.

Gold and silver also rose as investors parked money in safe-play assets.

Gold for December delivery rose $13.50, or 1 percent, to $1,386.50 an ounce, while silver for delivery in the same month rose 63.60 cents, or 3 percent, to $23.891 an ounce.

Russian media reported that three Russian naval ships were sailing for Syria and that a fourth was on its way. President Barack Obama continued to press the case for military action against Syria.

Wheat and corn futures rose, while soybeans ended little changed.

Comments are closed.