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Gold and crude oil rose sharply!

author:Lunan Business Daily

According to Xinhua News Agency, ABC reported on April 19 that Israel attacked a location in Iran.

According to Qatar's Al Jazeera report on April 19, Iran's aviation authorities announced the temporary suspension of flights to Tehran and Isfahan airports.

According to @CCTV International Times, according to information released today by Israel's "Jerusalem Post" and Palestine's "Al-Quds Al-Sharif" newspaper, explosions were heard in Iraq's Baghdad and Babylon provinces, Syria's Suweida province, and Iran's Isfahan province in the early hours of this morning.

According to Lebanese media, there is information that Iranian air defense forces intercepted about 5 targets over Isfahan, the explosion occurred over Isfahan, there were no explosions on the ground. According to US media reports, the Israeli army launched military strikes against seven targets in Iran.

With the possibility of a Fed rate hike back on the table by Fed officials, and geopolitical risk aversion in the Middle East heating up, many markets in Asia fell sharply shortly after the opening on Friday. At the same time, the prices of commodities such as gold and crude oil jumped rapidly......

According to the data, the Nikkei 225 index opened lower all the way after opening today, and has now fallen below 37,000 points for the first time since February 9, extending its intraday decline to more than 3%.

Gold and crude oil rose sharply!

Other Asian stock indices also weakened across the board. Currently, South Korea's Seoul Composite Index is down more than 2.70%, and Australia's S&P/ASX 200 Index is down 1.63%.

Gold and crude oil rose sharply!

Gold and crude oil rose sharply!

In addition, the MSCI Asia Pacific Index fell 2.3% last time, which could be the biggest drop since March 2023. Futures for the three major U.S. stock indexes also fell more than 1% across the board.

In commodity markets, gold surged again above $2,400 an ounce during the day, as fears of escalating tensions between Israel and Iran boosted safe-haven demand.

Gold and crude oil rose sharply!

The U.S. and Buenos Aires rose more than 3% during the Asian session. WTI crude oil was last traded at $85, while Brent crude briefly rose above the $90 mark.

Gold and crude oil rose sharply!

Source: China Fund News

Editor: Miyoshi

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