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Oil Slips as Middle East Risks Weigh; Gold Steadies

Oil edged lower as investors weighed Middle East tensions, while gold steadied after its biggest gain in more than two weeks on Thursday.

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Commodity markets traded mixed on October 16, as oil prices edged lower amid concerns over Middle East tensions, meanwhile, gold prices steadied after posting their biggest gain in more than two weeks on Thursday.Oil prices edged down on Friday morning as investors weighed Middle East risks and pos…