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Oil, gold to gain on Syrian strikes, Russian retaliation in focus

“I think the strikes were well targeted, and as such gold market impact will be minimal as it will be hard to justify a major retaliation,” said a trader at a leading bullion bank” writes Midwest Communications Inc for In case of such an escalation, energy-related assets should outperform Asia markets, oil would rally further, the yen would spike and Japan’s domestic defensive stocks would outperform international stocks.Naeem Aslam, chief market analyst at Think Markets, said gold was poised to gain on Monday but the rally wouldn’t be very steep: “The focus will be on the counter-reaction from Russia.”. World stocks wobbled last week but still ended with the best weekly gain in over a month, as investors await potentially healthy U.S. company earnings.Stocks will plunge, the yen and the oil prices will surge,” he added.

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