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Gold (XAUUSD) Jumps After Iran Strike Against Israel Stokes Haven Demand
Gold reached a near-record high after Iran’s unprecedented attack on Israel over the weekend, which boosted demand for safe-haven assets.
Bullion rose 1.2% as the Middle East conflict entered a dangerous new phase, before paring about half of that gain. The Islamic Republic has fired more than 300 drones and missiles against Israel, but most have been intercepted and no deaths have been reported.
News Source : www.bloomberg.com
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