"Gold and Oil Prices Soar Amid Escalating Middle East Conflict"
TL;DR Summary
Gold prices surged over 3% and were on track for their best week in seven months as escalating tensions in the Middle East drove investors towards safe-haven assets. The conflict between Israel and Hamas, which shifted from an air war to ground operations, increased concerns and boosted demand for gold. Additionally, expectations that U.S. interest rates may have peaked further supported the rally. Spot silver also climbed 4%, while platinum rose 1.4%.
- Safe-haven gold rallies over 3% as Middle East conflict intensifies Reuters
- Oil surges higher in volatile week as war risks spread AzerNews.Az
- Hamas-Israel war's global energy impact will depend on whether the conflict theatre widens Moneycontrol
- Why 6 'Strong Buy' Oil Giants Could Surge Higher If the Hamas-Israel War Explodes 24/7 Wall St.
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