Global Market: Crude Oil Surges as West Asia Tensions Rise | Gold Extends Gains Above $5,300
Global commodities are reacting sharply to rising tensions in West Asia. Crude oil prices are in focus as geopolitical risks threaten supply from the Gulf region, prompting concerns over energy security. Gold continues its upward trajectory, trading above $5,300 per ounce on US exchanges, as investors seek safe-haven assets amid uncertainty. Analysts warn that continued escalation could further disrupt oil exports and impact global markets.
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