Tensions in the Middle East continue to be the dominant theme for markets at the start of a new week with Oil (+1.8%) prices pushing higher, safe haven assets such as Gold (+1.7%) and government bonds gaining and stock markets pulling back. Oil earlier moved above the $70 mark to trade at its highest level since May while you have to go all the way back to 2013 to find a higher price for Gold, with the precious metal trading above the $1580/oz mark overnight.
Gold has gapped up through last year's peak of $1557 to trade at its highest level since April 2013 as traders rush to buy the safe-haven asset due to the escalating tensions in the Middle East. Source: xStation
US Open: Nasdaq, gold and silver surge following... an interest rate hike (17.09.2026)
Chart of the day 🔼 Gold rebounds 1.3% despite hawkish Fed stance (17.09.2026)
📊Daily Summary - Hawkish Fed raises rates and signals more. Dollar gains while gold falls
Hawkish move from the Fed! Warsh takes no prisoners in the fight against inflation. US500 at its lowest since August 3, and gold already below $4,300.