How oil, gold, and stock markets reacted in the month after previous global shocks

Core Insights - The recent US and Israeli attacks on Iran have caused significant volatility in global markets, particularly affecting the S&P 500, oil, and gold prices [1] - President Trump's comments suggest that the conflict may last for an extended period, contributing to ongoing market uncertainty [1] Market Reactions - Historical analysis indicates that during previous geopolitical shocks, prices for oil, gold, and stocks often spike initially but tend to normalize within weeks [2][3] - The review covered nine key historical events, showing that market conditions change significantly within a month of conflict onset [3] Specific Historical Examples - A notable example is the June 2025 conflict between Israel and Iran, where oil and gold prices surged initially, but after 30 trading days, all three markets reversed direction [4] - During that conflict, Brent oil prices increased by 7.3% initially but fell by 0.6% after 30 trading days, while gold saw a 1.49% rise followed by a 1.39% decline [5] Current Market Trends - In the current conflict, Brent Crude oil prices rose from $72.48 to $78.16 per barrel, a jump of over 7.8%, while gold increased by almost 2.7% [7] - The S&P 500 experienced a drop of 1.13% on the first trading day after the attacks but showed a slight recovery before a significant drop on the following day [8]