Gold, Silver, And Oil Rally On Saudi Headlines (GLD, SLV, USO)

Gold, silver, and oil began to see some buying interests after headlines that Saudi police had fired on protestors at a rally. This is just another example of how these commodities are a must have in an investment portfolio given the current Mid-East tension. While all of the ETFs that track the commodities are still lower, they are well off their worst levels of the session.

The SPDR Gold Trust ETF GLD is down 1.09% to $137.89. The iShares Silver Trust ETF SLV has shed 2.41% to $34.42, while the United States Oil Fund is down 0.71% to $41.76.