LONDON: The prospect of Western military action against Syria hit emerging market assets hard, pushed oil to a six-month high and sent world shares sliding for a second day on Wednesday.
In the scramble for safety investors turned to gold, which hit a 3-1/2 month peak above $1,430 an ounce, and bought the dollar on a view that it was the ultimate refuge from the risks of intensified upheaval in the Middle East.
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