Markets in Turmoil After Iran Attacks Reignite Fears of War

10:55, 08 January 2020

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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