Israel carried out airstrikes on targets in southern Lebanon, killing almost 500 people in one of the bloodiest days of fighting in nearly two decades and fuelling concerns of all-out conflict, per Bloomberg.
Israel carried out airstrikes on targetsin southern Lebanon, killing almost 500 people in one of the bloodiest days of fighting in nearly two decades and fuelling concerns of all-out conflict, per Bloomberg. The Lebanese health ministry said that Israel unleashed its most widespread airstrikes againstHezbollah, killing at least 492 people. It marks the deadliest day of violence since the 1975-1990 civil war. Market reaction At the time of press, the Gold price was down 0.
The currencies of nations that are heavy commodity exporters strengthen because of increased demand, and Cryptocurrencies rise. In a “risk-off” market, Bonds go up – especially major government Bonds – Gold shines, and safe-haven currencies such as the Japanese Yen, Swiss Franc and US Dollar all benefit.
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