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Brussels Blasts Push Up Gold as Haven; Lead and Aluminum Decline

  • Two explosions rock departure hall while third hits subway
  • Some money flowing out of equities and in to havens like gold
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Gold Jumps as Brussels Attacks Drive Haven Demand

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Gold jumped as traders sought a haven after two explosions tore through Brussels airport’s departure hall and a third rocked a subway station, causing deaths and injuries. Industrial metals lead and aluminum fell.

The airport was hit in rapid succession during the peak check-in time for morning flights. An hour later, another blast shook a subway station a short walk from European Union headquarters. The explosions come as Belgium was on high alert after the capture in Brussels of Salah Abdeslam, believed to be the only surviving participant of the November terror attacks in Paris.