Panic takes over amid market talks of a US strike on Iran
Source Fxstreet
Markets enter panic mode on headlines indicating United States (US) President Donald Trump has become more inclined to strike Iran's nuclear facilities, according to senior White House officials, as cited by Fox News.
President Trump is meeting with his National Security Council according to the White House, and is expected to offer a statement on the matter afterward.
Market reaction
The US Dollar (USD) accelerated its advance with mounting fears, with the Dollar Index (DXY) hovering around 98.80 at the time of writing.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Historical data show a rising trend of US and European stocks in December. If the momentum is strong, fund managers may rush in with a buying frenzy.
In 2025, gold outpaced Bitcoin, slashing the BTC-to-gold ratio by half from 40 to 20 ounces per BTC.
The Bank of Japan (BoJ) will announce its interest rate decision between 03.30 and 05.00 GMT, followed by Governor Kazuo Ueda's press conference at 06.30 GMT.
Gold jumps above $4,440 as geopolitical flare, Fed cut bets mountGold (XAU/USD) rallies over 2% on Monday, reaching a record high of $4,442 amid rising geopolitical tensions and expectations that the Federal Reserve (Fed) will continue to reduce interest rates next year, pushing US Treasury yields lower.
Gold (XAU/USD) rallies over 2% on Monday, reaching a record high of $4,442 amid rising geopolitical tensions and expectations that the Federal Reserve (Fed) will continue to reduce interest rates next year, pushing US Treasury yields lower.
The anticipation of a bullish 2026 for the crypto market faces obstacles, despite 2025's success attributed to favorable regulatory actions and increased acceptance of digital assets by Wall Street.
