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Investors fled to safety holly workers on Friday after a series of Israeli air strikes on Iran marked a major climbing of conflicts in the region.
The magnitude of the attack, which, according to Israel, was aimed at the Iranian nuclear program, caught the markets, raising the prices of assets which offered protection during increased volatility.
“The news has led to important fears concerning a wider climbing and regional conflict,” the Deutsche Bank Stratèges early Friday in a note. “The effects of the attack have been cascade on the world markets, with a strong risk decision for several asset classes.”
Gold has reached a summit of almost two months to the news, although some gains have made earnings over the morning. Cash Metal was up 1.1% to $ 3,420.24 to 7:42 a.m. London time. Gold future For August delivery, more than 1.3% to $ 3.446.
Gold
The prices of the US Treasury have also increased, which reduced yields. Yields on 30 years,, 10 years old And 2 years The notes of the treasure were all down around 3 base points.
European actions are on the point of Openly open lowerIn the meantime, with US stock contracts also fall.
Investors flee to security assets in complete safety during periods of uncertainty to protect their money from volatility and find stability when risk assets plunge.
Israeli Prime Minister Benjamin Netanyahu said his country launched a “targeted military operation” against the Iran’s nuclear and ballistic missile program. Iran said it launched around 100 drones by targeting Israel in retaliation.
“This operation will continue for as many days as necessary to suppress this threat,” added Netanyahu.
US Secretary of State Marco Rubio said the attack on Israel was “unilateral” and was made without American support. “We are not involved in strikes against Iran and our top priority is to protect US forces in the region,” Rubio said in a statement.
In the currencies, the US dollar, the Swiss franc and the Japanese yen – all considered as safe paradise – pink.
After a a few difficult months Following the political uncertainty triggered by the Trump administration, the US dollar indexWho measures the greenback against a basket of large peers, was 0.36% higher.
THE SWISS FRANCE And Japanese yen The two climbed against the dollar earlier Friday, but were largely unchanged at 6:50 am London time.
Oil prices soar
The most spectacular market reaction was observed in oil, as investors were concerned about Iran and potential oil supply.
Future gross jumped up to 13% After the air strike, put them on the right track for their biggest day gains since 2020.
Bully
Us West Texas Intermediate exchanged 7% more at 7:48 a.m. London time, $ 72.76 per barrel, while Global Benchmark Brent jumped 6.8% to $ 74.04 per barrel, both on previous summits.
“In the meantime, the objective is now to move to the form that Iran’s reprisals could take. It is not difficult to know if talks between the United States and Iran on their nuclear program will continue,” added the Deutsche Bank strategists.
