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**Impact of Iran’s Retaliatory Attack on Asian Markets**

By Rae Wee

SINGAPORE (Reuters) – Asian shares slumped and gold prices rose on Monday as risk sentiment took a hit after Iran’s retaliatory attack on Israel stoked fears of a wider regional conflict and kept traders on edge. The uncertainty surrounding the escalation of tensions between Iran and Israel had a significant impact on the global financial markets, leading to a flight to safety and a rise in gold prices.

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