Growing worries about the Israel-Hamas conflict are creating waves in the markets, with traders in Tokyo sending crude oil prices higher over fears that further escalation could choke supply.
The price of Middle Eastern crude for delivery next March temporarily rose to 78,860 yen on Monday, or about 520 dollars per kiloliter, up 3.8 percent from Friday's close.
Meanwhile, gold futures hit a record high in Osaka early on Saturday as investors piled in seeking safe haven from market uncertainty.
Gold for delivery next August reached 9,262 yen or about 62 dollars per gram at one point, its highest-ever level.
The price of Middle Eastern crude for delivery next March temporarily rose to 78,860 yen on Monday, or about 520 dollars per kiloliter, up 3.8 percent from Friday's close.
Meanwhile, gold futures hit a record high in Osaka early on Saturday as investors piled in seeking safe haven from market uncertainty.
Gold for delivery next August reached 9,262 yen or about 62 dollars per gram at one point, its highest-ever level.
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Summary
Israel-Hamas conflict escalation causing market concerns, particularly in crude oil and gold markets. Tokyo traders pushed crude prices up by 3.8% to 78,860 yen (520 USD/kl), while gold futures hit a record high of 9,262 yen (62 USD/gm) in Osaka as investors seek safe haven. #Israel-HamasConflict
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ID: ab5b2f28-67f9-4d1f-b1d0-d794acd5e701
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20231016_19/
Date: Oct. 16, 2023
Created: 2023/10/16 18:33
Updated: 2025/12/08 22:30
Last Read: 2023/10/16 20:46