"Global Markets React to Geopolitical Tensions: Dollar Index and Gold Gain Strength"
Geopolitical tensions between Iran and Israel, along with surging Treasury yields, weighed on world markets as U.S. stock markets ended lower despite a robust March retail sales report. Asian markets also experienced declines, with the dollar reaching five-month highs and gold and oil prices rising. China's Q1 2024 GDP surpassed expectations, while European markets and commodities showed mixed movements.