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Gold and gas dip after aid crosses into Gaza
Evening Standard
|October 23, 2023
GOLD and energy prices dipped today as investors eyed strong looking US economic data after a weekend that offered some relief about the state of the disaster in Gaza.
Last week saw investors race to the safest haven assets and to bet on a jump in energy prices. Shares were sold sharply.
This morning, as a small number of trucks offering humanitarian aid crossed into Gaza from Egypt, oil prices eased, with Brent crude down $1 to $91 in early trading, before it rose slightly by late morning. Fears that it would rocket past $100 a barrel have eased for now. Gas prices were down about 5%.
This story is from the October 23, 2023 edition of Evening Standard.
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