-- Israel Deepens a War With Hamas That Has No End in Sight
Israel said it had hit hundreds of Hamas targets, including missile-launch posts, with Prime Minister Benjamin Netanyahu warning Saturday of a “long and difficult” war. The VIX index, known as Wall Street’s fear gauge, has increased to 21 from 13 in mid-September, but remain well below the 27 level hit in March when the collapse of several regional banks set off a market rout.Still, should tension escalate, traders and strategists said, safe-haven assets, such as gold, Swiss franc and short-dated government bonds will continue to benefit. Gold has stood out as one of the biggest winners since the war started, rising almost 10% to more than $2,000 an ounce.
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