Weak U.S. jobs data, escalating Middle East conflict, and a historic oil rally above $110 drive volatility across forex and commodities while gold swings amid Fed rate-cut expectations.
Oil surges on Middle East supply fears while the U.S. dollar strengthens on safe-haven demand and strong data, pressuring gold and risk currencies as global markets face rising volatility.
Middle East tensions drive market volatility as oil surges above $74, gold steadies over $5,100, and the U.S. dollar retreats from highs while the euro gains on stronger Eurozone inflation.
The US Dollar surged above 98.50 after US–Israel strikes on Iran triggered oil volatility, gold whipsaws, and risk-off flows, driving sharp moves across FX, commodities, and global yields.