Global markets plunge for a second week as US-Israel war with Iran rattles investors

Source Cryptopolitan
  • Asian stocks got slammed again, with South Korea’s Kospi plunging more than 8% and triggering another circuit breaker, while Brent and WTI both rallied to about $116 a barrel, their biggest one-day gain since 1988.

  • Gold, silver, platinum, and palladium all fell, while the US dollar climbed, showing investors are scrambling for cash even as broader markets crack.

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US Dollar Index gathers strength to near 99.00 on Middle East tensions, robust US services data The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.00 during the early European trading hours on Thursday. The DXY edges higher amid uncertainty and persistent geopolitical risks in the Middle East.
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