Source: International Business Times
Israel and Iran launched multiple rockets at each other for a fourth day, putting more upward pressure on oil prices AFP Oil prices extended gains Monday as Israel and Iran pounded each other with missiles for a fourth day and threatened further attacks, stoking fears of a lengthy conflict that could reignite inflation. Gold prices also rose back towards a record high thanks to a rush into safe havens, but while most equity markets dropped further into the red the losses were limited on hopes that the conflict does not spread through the Middle East. Investors were also gearing up for key central bank meetings this week, with a particular eye on the US Federal Reserve and Bank of Japan, as well as talks with Washington aimed at avoiding Donald Trump's sky-high tariffs.
