Iran's retaliatory attack on Israel increased regional conflict fears.

Gold and oil prices rose as fears of a wider regional conflict increased after Iran's retaliatory attack on Israel. Gold prices reached a record high, while Brent oil futures rose to $90.45 a barrel. Gulf markets experienced declines, with Saudi Arabia's and Qatar's stock markets falling 1.8% and 1.6% respectively. Investors are closely monitoring the situation, with concerns that the conflict could escalate further, potentially leading to increased volatility in global markets.

April 14, 2024
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