Singapore-Saba:
Oil prices jumped about eight percent in early Asian trading on Friday, while gold prices were on track to hit a new record high as geopolitical risks increased following the Israeli enemy attack on Iran early this morning.
By 6:15 GMT, Brent North Sea crude futures were trading at more than $74 per barrel, up about $5, or more than 7%.
US West Texas Intermediate crude futures were trading at around $73.40, up 5.35 cents, or 7.8%.
Oil prices are at their highest level since early April.
Gold prices also registered a significant jump, poised to surpass a record high reached in early May, as investors turned to safe havens.
Spot gold is trading at more than $3,422 per ounce, up $35.50, or 1.04%.
US gold futures rose more than $40, or 1.19%, to $3,443 per ounce.
Gold prices appear poised to surpass the all-time high reached on May 6.
Oil prices jumped about eight percent in early Asian trading on Friday, while gold prices were on track to hit a new record high as geopolitical risks increased following the Israeli enemy attack on Iran early this morning.
By 6:15 GMT, Brent North Sea crude futures were trading at more than $74 per barrel, up about $5, or more than 7%.
US West Texas Intermediate crude futures were trading at around $73.40, up 5.35 cents, or 7.8%.
Oil prices are at their highest level since early April.
Gold prices also registered a significant jump, poised to surpass a record high reached in early May, as investors turned to safe havens.
Spot gold is trading at more than $3,422 per ounce, up $35.50, or 1.04%.
US gold futures rose more than $40, or 1.19%, to $3,443 per ounce.
Gold prices appear poised to surpass the all-time high reached on May 6.