Israel Financial News

Gold prices slipped on Tuesday after rising nearly 2% in the previous session as investors cautiously turned back to riskier assets and looked forward to further cues on the U.S. central bank's policy stance. Spot gold was down 0.3% at 1,856.39 per ounce as of 10:58 a.m. EDT (1458 GMT) after rising to a more than one week high earlier in the session.

Oil prices oil fell more than $1 a barrel on Tuesday, continuing a slide that began earlier in the day with traders focused on demand levels but still cautious as they watched for potential supply disruptions amid military clashes between Israel and the Palestinian Islamist group Hamas. Brent crude was down $1.18 at $86.97 a barrel as of 9:37 a.m. CDT (1437 GMT), while U.S.

Gulf advanced on Tuesday as US rate worries eased, while investors kept their focus on raging conflict in the Middle East after a surprise attack by Hamas militants on Israel over the weekend. Top Federal Reserve officials on Monday indicated rising U.S. Treasury yields could steer the central bank away from further rate increases. Monetary policy in the six-member Gulf Cooperation Council (GCC) is usually guided by policy decisions by the Fed because most regional currencies are pegged to the U.S.

Investing.com — Oil prices edged lower Tuesday, handing back some of the previous session’s hefty gains as traders digest the possibility of a wider impact from the conflict between Israel and the Palestinian Islamist group Hamas.

Vivian Silver’s son was anxiously texting with his mother on Saturday morning, as Hamas gunmen closed in on her home near Israel’s Gaza border. Her last message read: “They’re inside the house.”The 74-year-old Canadian-Israeli spent her adult life campaigning for peace and human rights for Palestinians, particularly those living in impoverished Gaza.Silver is now presumed to be a prisoner, among the dozens of civilian hostages held by Hamas following the militant group’s coordinated weekend attack on Israeli soil.“This is almost surreal to think that someone who dedicated their entire life to building peace, ending the occupation, lifting the siege of Gaza, is kidnapped by Hamas,” said Ariel Dloomy, Silver’s former colleague at the Arab-Jewish Center for Equality, Empowerment and Cooperation, in an interview with Global News.Silver grew up in Winnipeg and moved to Israel in the 1970s.

MARRAKECH, Morocco (Reuters) — World Bank President Ajay Banga said on Tuesday that the Israel-Gaza conflict is an unnecessary global economic shock that will make it harder for central banks to achieve soft landings in many economies if it spreads.

By Harry Robertson and Tom Westbrook

Leading crypto gold project Tether Gold (XAUT) has seen a +1% price increase amid bullish movements in underlying 1:1 gold prices (per troy Oz) - fuelled largely by increased geopolitical risk stemming from the developing Israeli confrontation with Hamas.

Billionaire hedge fund manager Paul Tudor Jones said Tuesday it's extremely tough to be an investor in risk assets amid escalating geopolitical tensions and the dire fiscal position in the U.S.

Hamas and Israel, Kerala Chief Minister Pinarayi Vijayan has written to External Affairs Minister S Jaishankar seeking intervention to ensure the safety of Indian citizens in Israel. «A good number of people around 7000 are from the state of Kerala. The continuing hostilities are putting these civilians to extreme hardship and their family members are in a state of extreme anxiety,» Vijayan said in the October 9 dated letter to the Union Minister Jaishankar. «I request your good self to intervene in every possible manner to ensure the safety of our citizens in Israel,» the Kerala chief minister wrote. A woman from Kerala working as a caregiver in Israel was injured in the conflict on Saturday. On Monday, the CPI-M Kerala Secretariat in a statement had urged the central government to take steps to ensure the safety of the Keralites stuck in Israel.

Hamas's determination to use social media propaganda alongside violence, experts say. Mor Bayder's phone didn't buzz on Saturday morning — her grandmother's routine call to ask if she was awake. Instead, she discovered her grandmother's «brutal murder» during the Hamas attack on a village bordering the Gaza Strip posted on Facebook, Bayder wrote on the social network. «A terrorist broke into her home, murdered her, took her phone, photographed the horror and posted it on her Facebook wall.

Fauda, which is Arabic for chaos, premiered as a TV series on Netflix in 2015, developed by Avi Issacharoff and lead actor Lior Raz, who was as real in his role of the protagonist as the story the series told. In its stylised action, breathless suspense, eerie intrigue and lyrical portrayal of revenge and loss, Fauda gave a face to the conflict. In its four seasons, Fauda showed how Israel-Palestine conflict is not just a war of ideologies or a battle for land but also a story of husbands, wives, parents, children, siblings and lovers.

Israel intensified airstrikes on Gaza on Tuesday while the Israeli military prepared for a ground invasion of the Palestinian enclave that Israeli officials warned could be more destructive than any offensive there in recent history. Israeli airstrikes reduced parts of an exclusive Gaza City neighborhood to rubble as the Israeli government stepped up its reaction to this weekend’s cross-border incursion by Hamas gunmen who killed more than 900 Israelis and took more than 100 hostage. Israeli strikes have killed more than 780 people in Gaza since, according to the enclave’s health ministry.

Polygon (MATIC) crypto price has sunk -6% amid broader de-risking in markets, triggered by the conflict between Israel and Hamas - but with MATIC price trading low - is Polygon going to zero?

As Uptober continues to drive a surge in on-chain crypto prices, markets remain defiant despite wider risk concerns stemming from the conflict between Israel and Hamas - and now, in the latest move, Snorlax token (SNOR) has exploded +500%.

Investing.com — U.S. stock futures rose Tuesday, boosted by lower U.S. Treasury yields as investors digested commentary from Fed officials while keeping an eye on developments in the conflict between Israel and Hamas.

U.K. Labour Party leader Keir Starmer is delivering what amounts to a public job interview for the post of prime minister

For currency traders, it’s hard to be a bull of anything except the dollar, it seems.

Investing.com — European stock markets rose Tuesday, with investors returning their focus to potential central bank moves while keeping an eye on the conflict in the Middle East.

Investing.com -- U.S. stock futures inched higher, with investors closely monitoring policy commentary from Federal Reserve officials and ongoing developments in the conflict in the Middle East. Traders hunt for safety in U.S. Treasuries as bond markets return from the Columbus Day holiday, while Country Garden shares slump after the cash-strapped Chinese developer misses an international debt payment.

By Paul Carsten