Gold, Oil price spikes on Israel, Palestine escalations [Video]
|Commodity prices surged on Monday, as markets reacted to the growing tensions in the Middle-East.
Israeli Prime Minister Benjamin Netanyahu declared a “state of war”, after Hammas militants conducted an unprecedented attack over the weekend.
Condemnation of the attacks have come from several G-7 nations, with the U.S. President Joe Biden giving Israel his full backing.
Many are now anticipating a strong response from Netayahu’s government, who have called up to 300,000 reservist troops.
WTI rose by over 4%, with Gold rebounding from a recent 7-month low.
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