What Israel's War With Hamas Means For Gold And Other Safe Haven Assets
Portfolio Pulse from Benzinga Neuro
The recent attack on Israel by Hamas may lead to a shift towards safe haven assets like gold, the dollar, and U.S. Treasuries (NYSE:TLT), due to the perceived market risk. The geopolitical tension could fuel purchases of these assets, which have recently seen aggressive sell-offs. The markets have experienced considerable volatility due to expectations of prolonged high U.S. interest rates.
October 08, 2023 | 12:43 pm
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The geopolitical tension from the Israel-Hamas conflict could lead to increased purchases of U.S. Treasuries (NYSE:TLT), which have recently seen aggressive sell-offs.
The geopolitical tension from the Israel-Hamas conflict is perceived as a significant market risk, which could lead investors to seek safe haven assets like U.S. Treasuries. This could potentially increase the demand for U.S. Treasuries, leading to a surge in their price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80