The attacks in Israel over the weekend also caused investors to closely monitor the events and turn to safe haven assets, especially #gold
While the attack of the Palestinian armed group Hamas on Israel is sitting at the top of the world agenda, assets such as gold and silver, which have been declining in recent weeks, have risen again due to fears of uncertainty and instability.
Analysts note that increasing geopolitical risks could seriously increase investments in gold, silver and the dollar, as well as US bonds. An ounce of gold, which fell to $ 1810 last week, is currently trading above $ 1850. Silver, which fell below $ 21 again, has also risen above $ 21.70โฆ
"The dollar will strengthenโ
โWherever there is a mess in the world, the dollar always gets stronger,โ Peter Cardillo, an analyst at Spartan Capital Securities, an Istanbul-based financial services company, told Reuters.
Recently, especially when it was wondered what kind of policy the Fed would follow when raising interest rates, experts stated that although there were no rate hikes, the arrival of reductions would take the second half of 2024. Therefore, it is within the expectations that interest rates will remain higher for a long time.
On the other hand, on Friday, the price of oil per barrel, which fell below $ 85 for a long time, also gained more than $ 4 in Asian markets and started to rise again.
#crypto2023 #bitcoin #BTC
