Gold Surges Past $2,400 on Middle East Conflict Concerns
Gold surged close to a new record high, then retreated, as concerns over a wider regional conflict in the Middle East roiled global markets.
Gold surged close to a new record high, then retreated, as concerns over a wider regional conflict in the Middle East roiled global markets.
Israel launched a retaliatory strike on Iran less than a week after Tehran’s rocket and drone barrage, according to two US officials, but Iranian media appeared to downplay the incident in the hours that followed the initial reports.
Malaysia’s economy quickened by the most in a year, signaling that firmer recovery is underway in the Southeast Asian nation.
Global markets were rocked by fresh conflict in the Middle East that sent stocks lower while oil and haven assets including Treasures and the dollar rallied.
As if the yen doesn’t have enough reasons to weaken, risks are emerging that higher oil prices will hit energy import-dependent Japan and its currency.
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