Dollar and gold rise amid Iran-US tensions
The article concerns Middle Eastern tensions and their impact on financial markets, noting that fears of escalating the conflict between the United States and Iran led to an almost 2% rise in gold prices, reaching approximately $4,080 per ounce. Meanwhile, oil prices increased to around $89.7 per barrel for Brent, with expectations that prices could surpass $120 if supply disruptions through the Strait of Hormuz continue. These fluctuations are attributed to ongoing mutual bombing, diplomatic mediation efforts, and exchanges of attacks between the parties, with warnings that continued escalation could trigger even higher oil prices due to supply disruptions and the ongoing risk of tension.
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