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An 'extended war'? Markets may be underestimating the Israel-Hamas conflict
While market reaction remains muted following the attack on southern Israel by Palestinian militant group Hamas, some industry watchers caution that several risks resulting from the conflict are yet to be fully priced in. “Any extension of the war will likely fan fears of oil supply disruption and further demand for safe-haven assets such as gold , the U.S. dollar and the Swiss franc ,” analysts at BNY Mellon said in a research note Tuesday. At dawn on Saturday following a major Jewish holiday, Hamas launched a multi-pronged infiltration into Israel — by land, sea and air. The attack came hours after thousands ... (full story)