Gold, oil soar, shares slip as U.S. and Iran trade threats
SYDNEY - Asian share markets looked to be heading into turbulence on Monday as a flare-up of tensions in the Middle East sent gold to its highest in almost seven years while oil flirted with four-month peaks.
Iraq’s parliament on Sunday recommended all foreign troops be ordered out of the country after the U.S. killing of a top Iranian military commander and an Iraqi militia leader. Brent crude LCOc1 futures rose $1.05 to $69.65 a barrel, while U.S. crude CLc1 climbed 94 cents to $63.99.
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