Treasuries, gold prices rise, stocks fall on Mideast fears

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NEW YORK, Oct 13 - U.S. Treasuries and gold prices rose while global stock indexes fell on Friday on safe-haven buying driven by the escalating Middle East conflict as Israel urged civilians to leave the northern Gaza Strip.

"It's going to be a risk-off day ... as investors basically buy safety assets," said Tom di Galoma, managing director and co-head of global rates trading at BTIG in New York.Spot gold added 2.8% to $1,921.59 an ounce. The pan-European STOXX 600 index lost 0.97% and MSCI's gauge of stocks across the globe shed 0.67%.

The dollar index , which measures the greenback against six of its major peers, ticked up 0.2% to 106.7. The index, which jumped 0.8% on Thursday, its biggest one-day rise since March 15, is on pace to finish the week higher.U.S. crude recently rose 4.19% to $86.38 per barrel and Brent was at $89.48, up 4.05% on the day.

 

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