Investors ran away for safe property after a series on Friday Israeli air strikes on Iran There was a major increase of conflict in the region.
The scale of the attack, which Israel said that Iran’s nuclear program was targeted, surprised, carried forward the prices of assets considered to offer security at the time of increased instability.
“This news has expressed significant apprehension about an increase and comprehensive regional conflict,” the Dutash Bank strategists said on Friday. “The impacts of the attack have cascade into global markets, with a strong risk-moving step for many asset classes.”
Gold hit the news for about two months high, although morning progress was somewhat profit. Spot prices The metal was at 1.1% $ 3,420.24 at 7:42 pm in London. Gold futures The delivery for August was 1.3% higher at $ 3.446.
Sleep
American Treasury prices also increase, reducing the yield. Yield on 30 years, 10 years And 2-year Treasury notes were around all 3 basis points.
European is ready for stock Open fastMeanwhile, with American stock futures are also falling,
Investors run to safe-heven assets during the time of uncertainty to protect their money from instability and find stability due to the property of risk.
Israeli Prime Minister Benjamin Netanyahu said that his country had launched a “targeted military campaign” against Iran’s nuclear and ballistic missile program. Iran said that it launched about 100 drones targeting Israel in retaliation.
Netanyahu said, “This operation will continue for several days to remove this danger.”
US State Secretary Marco Rubio said the attack on Israel was “unilateral” and was built without American support. Rubio said in a statement, “We are not involved in attacks against Iran and our top priority is protecting American forces in the field.”
In currencies, the US dollar, Swiss Frank and Japanese Yen – all are considered safe haven – roses.
after a A few months difficult The following policy uncertainty is spread by the Trump administration, US dollar indexWhich measured the greenback against a basket of major colleagues, was 0.36% higher.
Swiss frank And Japanese yen Both climbed against the first dollar on Friday, but were roughly unchanged by 6:50 pm at London.
Oil prices increase
The most dramatic market reaction was seen in oil, as investors were concerned about retaliation and disintegration of potential oil supply from Iran.
Crude futures 13% jumped as After the air strike, to set them to the course for their largest single-day profit since 2020.
Crude oil
US West Texas Intermediate At $ 72.76 a barrel was doing 7% more trading at 7:48 am in London, while global benchmark Brent Growing from 6.8% to $ 74.04 per barrel, away from both before.
Dutash Bank strategists said, “Looking forward, it is now focusing on how Iran’s vengeance may be. It is also not clear whether the talks between the US and Iran will continue on their nuclear program.”
