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Safe haven buying drives gold, oil higher

The escalating conflict between Israel and Palestine has boosted the price of gold and oil

Kristie Batten
Image: iStock/monsitj

Image: iStock/monsitj

Oil surged by 4.3% to US$86.38 a barrel due to the uncertainty over supply if the conflict escalates further. Gold rose by more than 1% to $1864.30 an ounce. XS.com market analyst Samer Hasn noted...

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