CL
Crude futures fell slightly on Monday, amid the escalation of fighting in Yemen between Saudi Arabia and Shiite-led Houthi rebels. On Sunday, Yemeni Foreign Minister Riyadh Yaseen refused calls by former Yemen president Ali Abdullah Saleh, reiterating that the month-long conflict is far from being settled. In a news conference in London, Yeseen said that these calls are unacceptable after all of the destruction Ali Abdullah Saleh has caused. There can be no place for Saleh in any future political talks.
GOLD
Gold prices surges more than $30 an ounce on Monday erasing all of its losses from a precipitous fall last week, as precious metal traders awaited indications from the Federal Reserve on the timing of an interest rate hike later this week.