Markets

Gold and Oil Futures Higher

Geopolitical concerns in the Middle East are fueling crude oil futures and making precious metals look even more precious in the eyes of investors.

Light sweet crude for April delivery jumped $6.54 to $96.25 a barrel, as a revolt in Libya prompted fears of supply constraints. On the latest contract's last day of trading, U.S. crude futures hit a 2-1/2 year high, rising close to 8 percent to more than $94 a barrel.

April gold futures rose $8.3 to $1396.9, also hit by bloody protests in North Africa and the Middle East.

Analysts expect safe-haven items such as the U.S. dollar, T-bonds, and gold to stay in demand.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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