Gold, Oil price spikes on Israel, Palestine escalations [Video]

Eliman Dambell Sayvio AI

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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Author

Eliman Dambell

Sayvio AI

With over a decade in financial markets, Eliman brings an experienced and diversified point of view to market analysis. He covers current and historical macro trends to give insights on Metals, FX, Stocks, and Crypto.

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