Oil, gold jump, stocks slip on Middle East conflict

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Key Points

NEW YORK (Reuters) -Oil prices jumped more than 4%, the U.S. dollar edged up against the euro and global stock indexes eased on Monday as military clashes between Israel and the Palestinian Islamist group Hamas raised fears that the conflict could spread beyond Gaza...

The Bank of Israel earlier said it will sell up to $30 billion of foreign currency to maintain stability..

Israel on Monday said its troops had killed armed infiltrators entering the country from Lebanon, raising concern the war could widen to a second front, two days after Hamas gunmen burst in from Gaza on a deadly rampage...

The Dow Jones Industrial Average fell 13.86 points, or 0.04%, to 33,393.72, the S&P 500 lost 6.7 points, or 0.16%, to 4,301.8 and the Nasdaq Composite dropped 75.65 points, or 0.56%, to 13,355.69...

Theres an all-out global diplomatic effort to keep this conflict from expanding into the oil-rich region, said Quincy Krosby, chief global strategist, LPL Financial in Charlotte, North Carolina...

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