Rising US-Iran tension rattles markets, pushing investors towards safe havens like gold

From Investing.com: 2025-06-12 06:38:00

Markets are jittery due to rising US-Iran tension, pushing investors towards safe havens like gold, which hit $3377/oz. Asian stocks remained steady, but US futures and European stock futures dropped following Trump’s tariff rate announcement. US personnel are being moved from the Middle East, and oil prices rose over 4%. UK GDP shrank by 0.3% in April, with the services sector taking the biggest hit. The European open saw stocks pull back, with the dollar hitting its lowest point of 2025. Global stocks paused their rally as focus shifted to Iran and uncertainties regarding US-China trade talks. Today’s key focus will be on US inflation data and geopolitical developments in the Middle East. The DAX Index surrendered the 24000 handle and is approaching key support levels amidst rising geopolitical risks.



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