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US stocks recover, gold rises and oil surges as war with Iran spreads
Oil prices surged, US stocks erased earlier losses and gold rose Monday as financial markets digested concerns about a broadening war with Iran. Investors are bracing for volatility in global energy markets as developments unfold in the Middle East. While markets saw sharp moves, the volatility so far has been largely as expected, and Wall Street is on watch for potential further disruptions to oil and gas prices. The escalation in tensions between the United States and Iran sparked a bid for haven assets, with investors scooping up gold and the US dollar as places to park their cash during the turmoil. Here’s a ... (full story)
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From zawya.com | Mar 2, 2026
Gold prices rose more than 2% as U.S.-Israel strikes on Iran expanded on Monday with no end in sight, stoking fears of wider geopolitical and economic uncertainty and sparking a flight to safe havens. Spot gold gained 2.1% to $5,390.38 an ounce as of 1050 GMT, after hitting a more than four-week high earlier in the session. The metal touched a peak of ...
