Crisis of Libya causes The Gold and Oil prices rice.

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Financial Times talks about how the actual conflict in Libya is affecting all the international markets. The two assets most affected are the Gold and Oil.

These assets have reached a high value due to the Libya's crisis. With the unresolved conflict, the financial context is suffering importants changes.

The price of an ounce of gold has reached $ 1,431.13, very close to other high values reached in December.

The nest of the Middle East returned yesterday to give new reasons for concern. While in Libya there is a fight between rebels and forces allied to the regime of Gaddafi, the escalation of oil (the European benchmark, has surpassed the 113 euros per barrel) and the instability of the Saudi regime has affected the Tadawull All Share Index, wich plummet nearly 7 percent in a single day.

In conclusion we have to be conscient to how we are going to manage this situation because all the countries may be affected.

Source: FinancialTimes