Gold Hits New High, Oil Rises as Iran Tensions Rekindle

Core Viewpoint - Oil prices have surged due to escalating tensions regarding Iran, which is impacting equity markets and driving safe-haven assets to record levels [1] Group 1: Oil Market Impact - Fresh tensions over Iran have led to a significant increase in oil prices, indicating heightened geopolitical risks [1] - The rise in oil prices is contributing to volatility in equity markets, as investors react to the uncertainty [1] Group 2: Safe-Haven Assets - The current situation is fueling demand for safe-haven assets, which are reaching new highs as investors seek stability amid market fluctuations [1]