Global markets experienced a sense of relief on Monday as speculation mounted that diplomatic measures may help prevent the conflict between Iran and Israel from escalating further.
European stocks saw a modest rise, while US equities signaled a rebound on Wall Street after a 1.5% dip in the S&P 500 on Friday. Treasuries and the dollar both took a hit, and West Texas Intermediate crude dropped below $85 a barrel.
In contrast, gold prices surged to $2,350 an ounce, indicating that investors are turning to the safe-haven asset amid the geopolitical tensions.
Overall, the movements in the markets suggest that investors are cautiously hopeful for a peaceful resolution to the tensions between Iran and Israel. The uncertainty surrounding the situation continues to weigh on global markets, with traders closely monitoring diplomatic efforts to ease the conflict. Stay tuned for further developments on Mix247edm.
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