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Oil prices rose nearly 3 percent on Monday after an Iranian military commander reportedly called for an oil boycott over Israel's offensive in the Gaza Strip and on worries over the deepening Russian gas supply row. Wall Street's strong start to the new year on Friday, mounting evidence of OPEC's compliance with deep production cuts, and the U.S. Energy Department's decision to start rebuilding its emergency crude reserves have also helped oil to a third day of strong gains. Crude trading at $46.50 as of 9:30am, GMT.
Gold is trading at $863 as of 9:35am, GMTGold erased earlier gains to fall slightly on Monday as the dollar edged higher and after safe-haven buying in the wake of Israel's ground...
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