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Gold Holds Near $2,000 After Israel Starts Ground Offensive
Gold traded near $2,000 an ounce — after Friday breaching the key level for the first time since May — as Israel’s ground invasion of Gaza appears to be more cautious than it initially vowed. Bullion slipped 0.2% after jumping 1.1% on Friday. Tel Aviv sent troops and tanks into the northern Gaza Strip in what it calls the second and longer phase of its war against Hamas and is taking a day-by-day approach. That eased concerns over a massive ground invasion. Gold has stood out as one of the biggest winners since Hamas attacked Israel on Oct. 7, rising more than 9% as demand for haven assets increased. It is ... (full story)