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Global Stocks Dive as Gold Rises After Israel Strikes Iran

  • Israel launched a major pre-emptive airstrike on Iran's nuclear and military sites overnight on June 13, escalating Middle East tensions.
  • This attack followed rising geopolitical strain and came amid ongoing fragile global markets already pressured by U.S.-China trade issues and a recent deadly Boeing 787 crash in India.
  • Stock indexes fell worldwide, with U.S. futures down over 1%, European markets opening sharply lower, Asian indices slipping, and oil prices surging on fears of supply disruption.
  • Gold rose more than 1% to approximately $3,430 an ounce, the U.S. dollar and safe-haven currencies gained, and oil futures jumped up to 13%, reflecting investor flight to safety.
  • Experts expect ongoing market volatility due to geopolitical risks and Boeing’s challenges, while higher oil prices may pressure inflation and complicate Federal Reserve decisions.
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Safe haven rush begins after Israel strikes Iran

Deutsche Bank strategists said noted a “strong risk-off move” among investors.

·Chicago, United States
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The yellow metal resumed its flight this Friday morning, reaching 3,425 dollars a ounce at around 6.30pm GMT, up 1.17%. This renewed interest in gold comes in a very tense geopolitical climate, after the Israeli army carried out massive air strikes against military and nuclear installations in Iran. These attacks caused an immediate shock on the world markets. The main European stock exchanges opened in sharp decline: Paris fell by 1.27%, Frankf…

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Kitco NEWS broke the news in on Thursday, June 12, 2025.
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