Oil soars then retreats, gold drops as Iran war jolts global commodity markets

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CHICAGO/SINGAPORE: Oil prices surged as much as 29% on Monday to their highest since mid-2022 before paring gains to settle about 7% higher, and gold fell more than 1%, as an escalating Iran war squeezed world energy supplies, boosted the dollar and dampened hopes of interest-rate cuts. Read full story

Date: 10 March, 2026 9:00 am
Source: thestar.com.my

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