Copper and Aluminum Rise as US, Israel Try to Reassure on War [Yahoo! Finance]
HONG KONG EX&CL UNSP/ADR (HKXCY)
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Source: Yahoo! Finance
Prime Minister Benjamin Netanyahu said Israeli forces would no longer target energy infrastructure, while President Donald Trump vowed not to deploy ground troops against Iran. The comments came after a torrid few hours for commodities on Thursday as oil prices surged, fears of a global economic slowdown increased and metals slid sharply lower. Most Read from Bloomberg Russian Oil Bound for China Is Diverted as India Grabs More Trump References Pearl Harbor as Iran War Tests US-Japan Alliance European Gas Jumps After World's Top LNG Plant Hit by Iran Trump Signs Order to Launch Vance-Led Anti-Fraud Task Force DOJ, White House Clear Way for Pirro to Keep Powell Probe The war in the Persian Gulf has roiled metals markets by threatening a wave of supply disruptions, especially in a global aluminum market that gets about a 10th of output from the region. But broader fears about demand have dominated trading this week. Higher prices for oil and gas will hurt manufacturing
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