0721 GMT – Base metals rise while gold tempers as markets remain focused on the events in Israel and the Palestinian territories. Three-month copper is up 0.8% to $8,001 a metric ton while aluminum is 0.3% higher at $2,195.50 a ton. Gold is down 1% to $1,922 a troy ounce. Gold surged 3.1% Friday on worries that Israel was about to launch a ground invasion of Gaza. “A fall in U.S. Treasury yields will have provided some support to the gold market, while the ongoing uncertainty in the Middle East will likely have boosted demand for safe-haven assets,” ING says in a note. That said, ING says that ETF demand remains down with holdings 397,000 ounces lower last week to 86.7 million ounces. ([email protected])