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Gold and oil surge after US bombing of Iran amid global capital flight
Gold climbed 0.8 per cent before paring gains. West Texas Intermediate rose 2.5 per cent. The US dollar appreciated while US equity futures declined.
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scmp.com
Oil price spike likely following US strikes on Iran, investors say
The reaction in Middle East stock markets suggested investors were assuming a benign scenario, even as Iran intensified its missile attacks on Israel.
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fortune.com
Oil prices could spike 10% after the U.S. attack on Iran — 'But don’t be fooled, this may not last'
Based on the closing price of Brent crude on Friday, a 10% jump would send the global oil benchmark to nearly $85 per barrel.
