Oil, gold prices surge due to Saudi Arabia - Iran tension

09:28 | 05/01/2016 Global Economy

Oil prices rose in Asia on Monday after crude producer Saudi Arabia cut diplomatic ties with Iran following a row over the Saudi execution of a Shiite preacher.

Oil, gold prices surge due to Saudi Arabia - Iran tension

Illustration photo

On Monday in the Singapore market, the price of oil for February was up 91 cents, or 2.44 percent, reaching 38.19 USD per barrel.

The price of gold in the Asian market also showed signs of recovery. In Singapore, gold prices increased by 0.3 percent to 1,063 USD per ounce./.

Source: VOV5

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