Oil, gold prices retreat as worries abate over larger Mideast conflict
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NEW YORK (Reuters) - Gold and oil prices retreated on Wednesday after earlier surging, and shares on Wall Street advanced, amid investor optimism that Iran's attack on U.S. forces in Iraq was unlikely to escalate into a full-blown conflict in the region.Iran said it had fired missiles at U.S. targets in Iraq in retaliation for last week's U.S. drone strike that killed Iranian commander Qassem Soleimani and raised fears of a new war in the Middle East.Gold surged past $1,600 for the first time in..