Premarket: Retreat from risk boosts safer havens as Middle East conflict intensifies

News Snapshot:

Global shares slipped on Friday while assets considered to be safer havens such as gold and U.S. Treasuries rose as traders retreated from market risk as conflict in the Middle East intensified. MSCI’s broadest index of global equities fell 0.3%, while Europe’s Stoxx 600 share index slid 0.4%. But the real action in markets on Friday was outside of equities, with gold on course for its best week since a U.S. banking crisis in mid-March and oil set for a strong weekly gain. On Friday, the Israeli military called for civilians to leave Gaza City ahead of an anticipated ground...