With the focus on Venezuela’s oil industry following the events of the weekend, oil prices fell on Monday with analysts saying that any disruption to Venezuelan oil exports would be easily covered by supplies from elsewhere in the world.
However, the price of precious metals such as gold and silver has risen, as investors moved money into so-called “safe haven” assets.
Gold rose by nearly 2% to $4,408 an ounce, while the price of silver was up 3.5%.
Shares in defence firms rose in early trade in London with BAE Systems and Babcock International among the top gainers on the FTSE 100.
Precious metals miners Endeavour and Fresnillo were also higher following the jump in gold prices.
SOURCE: BBC NEWS
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