Oil, gold prices rise as Israel launches attack on Iran

Fuel oil and gold prices have jumped in the international markets on Friday after Israel carried out attack on Iran.

Oil prices have increased by as much as 3.5% initially, while gold briefly came close to a record high before falling back to nearly $2,400 an ounce.

Investors have been closely watching Israel’s reaction to Iran's direct drone and missile attack last weekend.

There are concerns a worsening conflict in the Middle East could disrupt oil supplies.

However, gains receded after Iranian state media claimed that there was "no damage" in Isfahan province where there had been reports of explosions.