International Business Times reports that gold and oil prices extended rallies in Europe.
The market news is quoted as saying:
Currently trading at 1114, the benchmark Comex gold contract has been hovering around a 7-week high. It’s likely that the metal will challenge the all-time high made in December should geopolitical tensions in the MENA region intensify. Gold’s near-term rally has been mainly driven by the recent unrests and oil prices.