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Palestinian media reports Israeli artillery shelling targeting the Al-Bureij camp in the central Gaza Strip

The reported Israeli artillery shelling in Gaza signifies an escalation in conflict, which could heighten market volatility in related assets like oil and gold.

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Context

Given the geopolitical tensions, safe havens may attract more investment, while risk sentiment could be adversely affected across global equities. Traders should monitor how this development influences USD correlations, particularly in commodities and safe-haven currencies like JPY and CHF.

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