How are the prices of gold and oil responding to the N. Korean nuclear test?

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How are the prices of gold and oil responding to the N. Korean nuclear test?

2006-10-09 03:52:01 · 2 answers · asked by Charles B 1 in Business & Finance ➔ Investing

2 answers

Both oil and gold are up minimally. They were both sold off hard over the past couple of weeks, and already started a bounce last week, so it seems a news item such as this had no effect.

Fundamentals are more important than a news item, unless we're talking about WW III.

2006-10-09 04:08:15 · answer #1 · answered by dredude52 6 · 0⤊ 0⤋

i was just thinking my self about the effect of n. test on oil and gold i would think it would make it go up, but who knows how the mkt. will react if at all oil is up some on OPEC cut production talk.

2006-10-09 11:05:27 · answer #2 · answered by moonwalker 3 · 0⤊ 0⤋