News
Gold price surge after Iran attack could fade, Pepperstone says
A spike in gold prices following U.S. and Israeli attacks on Iran may wane as markets attempt to gauge the financial market fallout from the widening conflict, according to analysts at Pepperstone.
Euro and yen slide as Middle East conflict escalates
The euro and yen fell on Monday as concerns about higher oil prices dented the currencies of countries most exposed to energy shortages, while the dollar also benefited from a safe-haven bid on concerns about conflict in the Middle East widening.
Oil jumps 10% on Iran conflict and could spike to $100 a barrel, analysts say
Brent crude jumped 10% to about $80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 after U.S. and Israeli strikes on Iran plunged the Middle East into a new war.
Bitcoin recovers above $67,000 as markets digest Khamenei’s death
Bitcoin (BitfinexUSD) is clawing back its weekend losses, trading north of $67,000 as investors react to the seismic shift in Middle Eastern geopolitics.
The recovery follows a period of extreme volatility triggered by the coordinated U.S. and Israeli strikes on Iran, which President Donald Trump confirmed resulted in the death of Supreme Leader Ayatollah Ali Khamenei.
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