Crude oil, gold and US dollar up on rising Mid-East tensions | MarketTalk: What’s up today? | Swissquote
Capital flows into the safety of US dollar and gold this morning, while oil is up almost 4% after Hamas’ unexpected attack on Israel wreaked havoc in the region, and tensions have been mounting since then.
It is difficult to predict the extent of the price action on geopolitical shocks. The fact that the US and Iran are pulled into the turmoil hints that tensions may further escalate. From a price perspective, the $90pb level is expected to shelter decent offers in US crude, as escalation and prolongation of Mid-East tensions could be the final straw that could bring the...