Middle East Tensions Fuel Rising Energy Prices

Energy prices may remain elevated due to new dynamics in the Middle East conflict. According to Humza Hussain, Vice President and Director for Commodities at TD Asset Management, these developments could keep energy prices higher than they otherwise would be. The price of oil recently moved above $90 a barrel, and while higher fuel prices have not yet reduced demand significantly, the current situation in the Middle East may continue to drive up costs. As a result, investors should expect continued volatility in the commodities market. Meanwhile, gold's recent run is being driven by rate expectations and fiscal concerns.