Gold rises as investors buy safe-haven assets, with hopes of a quick end to the Israel-Iran conflict dashed
Key moments
FTSE 100 to open down on increased tensions in the Middle East
Gold rises on safe haven buying, oil up on concerns about supply
Businesses intend to lay off staff and raise prices to cope with Rachel Reeves’ £25 billion rise in payroll taxes
22 minutes ago
The oil price looks to have found a floor as investors assess the hostilities between Israel and Iran
Stocks slump in Asia and Europe, gold slides and investors brace for higher oil prices after US president’s threat
Investors relieved by news of two-week ceasefire and temporary reopening of strait of Hormuz
Brent crude below $69 a barrel — down from $77 a barrel on Monday
FTSE 100 and France’s CAC down 1.5%; Germany’s DAX and Italy’s FTSE MIB down 1.6%; the Dow Jones was down 2%
European stocks are expected to start the new trading week sharply lower as the war in Iran drags on global market sentiment.
