Markets in Turmoil After Iran Attacks Reignite Fears of War

Markets in Turmoil After Iran Attacks Reignite Fears of War

Iran struck back this morning after launching multiple missiles targeting two U.S.-Iraqi bases. Dow Jones Industrial Average futures dropped more than 400 points, while gold broke $1,600/oz, its highest level since 2013, as investors fled for safe-heavens. The S & P futures and Nasdaq futures also recorded losses.

Gold “could break past $2,000 if President Trump reacts with aggression, according to analysts at Insignia Consultants quoted by Bloomberg. Brent oil futures in London briefly surged more than 5% to almost $72.

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Source: marketwatch.com, bloomberg.com

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