Falafulu
2023-10-27

In the wake of the Hamas attack on Israel, gold prices have shot up. 

Expansion of oil revenues enhances gold prices. As oil and gold prices move in tandem, recent escalating conflicts will cause oil and gold prices to surge due to increase haven demand.

Will oil and gold surge with escalating conflicts?
Turkey President’s claim that Hamas is not a terrorist organisation, sparking 7% fall in Istanbul benchmark. The heating disputes exacerbate the conflicts and raise concern on US stock market. -------------- Will the Israel-Hamas conflict suppress stock market again? Will oil and gold prices surge after Turkey's statements?
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