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Middle Eastern Uncertainty Ramps Even Higher
The wreckage of the helicopter carrying Iranian President Raisi, Foreign Minister Amirabdollahian and other key officials has been found in dense mountainous terrain with no survivors. The accident was initially attributed to “technical failure,” but these are early and uncertain days of mourning for Iran. Acting officials have been appointed, and a presidential election is to be held within 50 days. The price of gold hit a new record high of $2,454 per ounce and is 0.6% above Friday’s close.West Texas Intermediate crude oil touched an intra-day high of $80.39 per barrel but currently shows a net 0.3% dip of ... (full story)