An impending Israeli ground operation into Gaza saw risk aversion rise on Friday. The key uncertainty is whether a ground operation risks widening the conflict, with markets focused on whether Iran and its allies are drawn into the conflict. Bad weather though has likely delayed operations with timing still uncertain. On Saturday the Israeli Defence Forces said they were making preparations for “significant ground operations”, while an Israeli city near the Gaza Strip has been told to evacuate by Monday. The biggest moves has been seen in commodities with brent oil +5.7% to $90.89 and the gold price +3.3% to $1933. ... (full story)