đšâïžIranian Missile Strikes Disrupt Oil, Gold, and Bitcoin Markets đźđ¶
Iranâs missile launch targeting Tel Aviv caused significant turmoil in global markets today, pushing oil and gold prices higher. The attack follows weeks of conflict involving Iran-backed Hezbollah in Lebanon.
**Oil Prices**: Brent crude surged 4.6%, reaching $75 per barrel, driven by the Iranian strikes on Israeli cities on the evening of October 1. Previously, oil prices had been at their lowest in two weeks due to a global demand slowdown and disruptions in Middle Eastern exports. However, market sentiment in energy rose by 1.3%.
**Gold Prices**: Gold futures jumped 1.15%, reaching a new record high of $2,690.10, as investors sought safe-haven assets amidst escalating tensions in the Middle East.
**Bitcoin**: Bitcoin's price dropped 2.13%, falling to $62,230 following the missile attack, interrupting its upward momentum after last week's Federal Reserve rate cut.
**European Stocks**: European markets also felt the impact, with the Stoxx 600 index dropping 0.4% as risk aversion grew due to concerns over the conflict's potential impact on growth.
**Safe Haven Currencies**: The Japanese Yen and Swiss Franc reacted to the news of the strikes. Despite the tensions, strong U.S. labor market data provided some support for investors. The Yen rose by 0.1% to 143.5, while the Euro fell 0.55% to 1.1075, and the Australian dollar declined by 0.32% to 0.6891.
A senior White House official confirmed that the U.S. was actively supporting Israel's defense. Adam Button of Forex Live remarked that although markets had largely overlooked the Middle East conflict in the past month, a direct confrontation between Iran and Israel poses a significant risk.
#BinanceLaunchpoolHMSTR #US #BinanceSquareFamily #BTCâ #BTCReboundsAfterFOMC
