Commodities
Gold Rises to Record on Middle East Tension, US Economy Concerns
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Gold rose to a record high above $3,030 an ounce as an escalation in Middle East tensions underscored its haven appeal, and investors weighed data that fueled concern the US economy is slowing down.
Bullion climbed as much as 1.3% as Israel launched airstrikes across Gaza that Hamas said killed hundreds of people, shattering a nearly two-month ceasefire.