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Some reactionary moves are evident in the markets as the war between Israel and Hamas continues. Eric Wallerstein, a markets reporter for The Wall Street Journal, joined CBS News and explained that gold, which he said is “a haven from turmoil,” is having its best week since March. Source
The risks to energy and financial markets are immediate and real. Oil prices surged as Israeli forces launched a counteroffensive and as questions mounted around Iran’s involvement in Hamas’ attack plans.
Investors long shrugged off U.S. deficits, but a torrent of Treasurys is testing the bond market
And more on the ongoing conflict.
Investors fear unsustainably high interest rates will spark bank-loan defaults