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Risk aversion spikes on Iran retaliation Gold punches above $1600 amid flight to safety Oil prices soar on geopolitical shocks A tidal wave of risk aversion engulfed financial markets on Wednesday, after Iran launched retaliatory missile strikes against US forces in Iraq.Asian shares tumbled during early trade while Gold punched above $1600 as escalating tensions in the Middle East fueled risk aversion and accelerated the flight to safety. Iran’s retaliation has raised fears of a full-blown conflict with the United States, and this negative sentiment is poised to weigh on... Read More
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