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Gold Slips as Crude Oil Surges on Middle East Tensions
Gold’s safe-haven appeal faltered on Thursday as the precious metal slipped alongside equities, even as geopolitical risks in the Middle East intensified. Meanwhile, crude oil volatility surged, with Brent and WTI jumping sharply on fears that the conflict could disrupt global energy supply routes. Middle East tensions remained elevated on Thursday as Israel expanded strikes into Lebanon while Hezbollah and Iran-backed forces continued launching rockets and drones toward Israel. The escalation kept traders focused on the risk of broader regional disruption, particularly to energy supply routes through the Strait of ... (full story)