Gold's surge beats stocks over the past year as Israel-Hamas war drives bids

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Gaza City hospital blast sparks rush to safety

Gold futures rallied on Wednesday, with prices looking to settle at their highest levels since late August after an explosion at a Gaza City hospital prompted investors to shun risky assets and seek safety in the precious metal.

Wednesday’s rise in prices has helped gold outperform the S&P 500 Index SPX on a 12-month return basis.

 

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