Geopolitical shock tests the dollar’s haven status

Geopolitical strikes on Iran trigger a modest market wobble, but the bigger takeaway is that US Treasuries are weakening instead of acting as a safe haven, signaling that investor appetite for safe assets may be shifting amid inflation risk and policy uncertainty under Trump and the Fed. While stocks slide slightly and oil rises, gold is drawing bids as markets reassess the crisis, with policymakers’ paths still unclear ahead of the midterm elections.