"Gold is glittering as a safe haven, racing to fresh record highs as geopolitical tensions and unpredictable White House policy set investors on edge. Gold jumped another 1.7% heading above $4,586 as President Trump threatened action against Iran, after fatalities mounted in a crackdown on protestors which have erupted across the country. Given the Trump's bolshy interventionist attitude demonstrated in the attack on Venezuela, fresh strikes on another nation state can't be ruled out,"
"It's little surprise given the importance of the region as an oil producing hub, that oil prices Crude jumped higher, in the two-day rally since October as the US warned Iran about imminent action. Iran exports around 2 million barrels a day and disruption wreaked by a military operation has the potential to tighten global supplies. Brent crude has stabilised and is hovering around $63 a barrel, but prices are likely to remain volatile."
Gold reached fresh record highs as investors sought safe havens amid escalating tensions between the US and Iran. Brent crude stabilised around $63 a barrel after sharp gains driven by supply concerns and the potential disruption of Iranian exports. Rising geopolitical risk reduced appetite for equities and set a subdued tone for the start of the week. Wall Street volatility increased after threats of a criminal investigation into Federal Reserve Chair Jerome Powell. The UK economy showed stagnation and employers became more cautious about hiring. Energy stocks may gain from higher oil but face offsetting investor caution.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]