Friday brought declines on Wall Street and a more than 10% surge in oil prices, with crude rising above $93 for the first time since 2023. The conflict in the Middle East continues, with Iran carrying out attacks on U.S. bases today in Bahrain and Iraq. Donald Trump emphasized that the United States will continue the war until total victory, reinforcing market expectations that the operation could last at least several weeks. Unofficially, Marco Rubio reportedly stated that the operation may last around four weeks.
Amid rising geopolitical and economic uncertainty (including stagflation risks), gold is gaining more than 1.5%, rising above $5,160 per ounce despite the continued strength of the U.S. dollar and higher bond yields….
