Posted 4/14/2024, 2:53:00 PM
Markets on Edge as Iran Strikes Israel, Stoking Volatility and Uncertainty
- Financial markets likely to see increased volatility and flight to safe havens like Treasuries, gold, and the dollar after Iran's attack on Israel
- Oil prices could surge past $100 per barrel if conflict escalates and disrupts Middle East oil production and shipping
- Stock markets already sold off last week on inflation fears; further losses expected but depends on Israel's response and whether situation escalates
- Gold hits record high over $2,400/ounce as investors seek stability; dollar index rose 1.3% last week
- Interest rate hikes could be stalled or slowed if energy prices spike and add to inflation, but outlook uncertain pending geopolitical developments
