Gold Is Getting Slammed
Right now, the metal is down 1.9% to $1360 an ounce.
Meanwhile, West Texas Intermediate crude oil futures are down 2.2% to $107.10 a barrel.
10-year U.S. Treasury futures are down 0.4%, and the yield on the 10-year Treasury, at 2.96%, is 5 basis points higher from yesterday's close.
Syrian Foreign Minister Walid al-Moallem said today that the Assad regime accepted a Russian plan to hand over the regime's chemical weapons stockpiles to international control. The use of chemical weapons has been the key driver of the Obama administration's argument that the U.S. should take military action against Assad.