Attack on Israel could boost appeal of gold and safe haven assetsRising geopolitical risk could see buying in assets like gold and the dollar and potentially boost demand for US Treasuries, which have been sold off aggressively, analysts said.
Last Updated 08 October 2023, 11:22 IST
Representative image of gold.
Investors are closely watching events in Israel as a geopolitical risk to markets, with some expectation the violence could prompt a move into safe haven assets.
Gunmen from the Palestinian group Hamas entered Israel in an unprecedented attack on Saturday. Western countries, led by the United States, denounced the attack and pledged support for Israel.
Rising geopolitical risk could see buying in assets like gold and the dollar and potentially boost demand for US Treasuries, which have been sold off aggressively, analysts said.
“This is a good example of why people need gold in…
