"Market Speculation: Analyzing Oil and Gold Prices Amid Israel-Iran Tensions"
Originally Published 1 year ago — by Benzinga
The Middle East's market sentiment has shifted from war fears to relative calm after Iran's failed attack on Israel, with President Biden cautioning against retaliation. The CBOE Volatility Index dropped, signaling decreased tension, and equities rallied. Oil and gold prices declined, indicating a lack of widespread rush to safe-haven assets. Analysts expect reduced likelihood of further escalation, cautioning that any Israeli retaliation could have significant implications for energy markets, with potential disruptions leading to a surge in oil prices.
