PREVIOUS TRADING DAY EVENTS 09 Oct 2023

The Palestinian Islamist group Hamas launched a devastating attack, enabling a force using bulldozers, hang gliders and motorbikes to take on the Middle Easts most powerful army.

The worst breach in Israels defences since Arab armies waged war in 1973 was Saturdays assault. While Israel was led to believe it was containing a warweary Hamas by providing economic incentives to Gazan workers, the groups fighters were being trained and drilled.

Hamas used an unprecedented intelligence tactic to mislead Israel over the last months, by giving a public impression that it was not willing to go into a fight or confrontation with Israel while preparing for this massive operation, a source said. 

Israel concedes it was caught off guard by an attack timed to coincide with the Jewish Sabbath and a religious holiday. Hamas fighters stormed into Israeli towns, killing 700 Israelis and abducting dozens. Israel has killed more than 400 Palestinians in its retaliation on Gaza since then.

Oil prices rise following Hamas attack on Israel. The attack on Israel also boosted gold and the demand for more safehaven assets.

Source

httpswww.reuters.comworldmiddleeasthowisraelwasdupedhamasplanneddevastatingassault20231008

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