YEN, GOLD, IRAN, TRUMP, SOLEIMANI – TALKING POINTS:Yen and, gold prices soar, then reverse, as Iran assaults US bases in IraqMark
YEN, GOLD, IRAN, TRUMP, SOLEIMANI – TALKING POINTS:
- Yen and, gold prices soar, then reverse, as Iran assaults US bases in Iraq
- Markets might cheer de-escalating Tehran, Washington rhetoric too readily
- Acute geopolitical instability fears might but drive broad risk-off dynamics
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Monetary markets have been struck with explosive volatility after an Iranian strike in opposition to US army targets in Iraq. Futures monitoring the bellwether S&P 500 index plunged alongside the sentiment-linked Australian and New Zealand {Dollars} whereas the anti-risk Japanese Yen rose with gold costs and Treasury bonds.
An about-face reversal was not far behind nevertheless as Iranian Overseas Minister Javad Zarif stated the strike marked the conclusion of its “proportionate” response to a US airstrike killing Qassim Soleimani – the top of the Revolutionary Guard Corps’ elite Quds Pressure wing – earlier within the week.
A chipper tweet from US President Donald Trump claiming of the scenario that “all is nicely” helped reinforce the sense that…