The Israeli government is drawing up a plan to expand the area of the city of Jerusalem beyond the 1967 borders, Al Jazeera reports citing local press; Israeli plan aims to expand the settlement of Adam in the central West Bank to connect it to Jerusalem

The Israeli government is drawing up a plan to expand the area of the city of Jerusalem beyond the 1967 borders, Al Jazeera reports citing local press; Israeli plan aims to expand the settlement of Adam in the central West Bank to connect it to Jerusalem.

The Israeli government's plan to expand Jerusalem's borders could escalate tensions in the region, potentially impacting geopolitical stability and markets. This announcement may provoke reactions from both regional players and global powers, influencing sentiment in safe-haven assets like gold and the JPY, as well as impacting risk appetite in broader markets.