The U.S. dollar is likely to gain near-term support following the latest U.S. and Israeli military action against Iran, even as the broader currency reaction may remain uneven.

"The escalation in Iran over the weekend adds to recent dollar tailwinds via higher energy prices  - to the tune of 0.5-1% for every 10% increase in oil - and elevated risk aversion," Themistoklis Fiotakis, Head of FX Research at Barclays, said.

he U.S. and Israeli strikes on Iran have intensified uncertainty across global markets, with investors closely watching potential safe-haven flows into bullion. Here is some reaction from investors, traders and analysts:

Gold prices steadied Thursday as U.S. trade tariff jitters supported safe-haven demand while key nuclear talks between Washington and Tehran proceeded in Switzerland.

At 08:55 ET (13:55 GMT), Spot gold rose 0.1% to $5,171.27 an ounce, while U.S. Gold Futures slipped 0.8% to $5,186.66/oz.

Oil prices retreated Thursday, handing back some of the recent gains after a sharp rise in U.S. stockpiles as more U.S.-Iran nuclear talks proceed.

At 07:55 ET (12:55 GMT), Brent Oil Futures expiring in April fell 1.4% to $69.73 per barrel and West Texas Intermediate (WTI) crude futures slipped 1.9% to $64.17 per barrel.